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Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2017

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Summary of Condensed Consolidated Statements of Income Information for MFC and MFLP

Condensed Consolidated Statements of Income Information



For the year ended December 31, 2017		MFC (Guarantor)				MLI consolidated⁽¹⁾				Other subsidiaries of MFC on a combined basis				Consolidating adjustments				Total consolidated amounts								MFLP
Total revenue		$	182			$	58,445			$	270			$	(574)			$	58,323							$	29
Net income (loss) attributed to shareholders			2,104				2,467				(257	)			(2,210)				2,104								6

For the year ended December 31, 2016		MFC (Guarantor)				MLI consolidated⁽¹⁾				Other subsidiaries of MFC on a combined basis				Consolidating adjustments				Total consolidated amounts								MFLP
Total revenue		$	518			$	53,219			$	377			$	(777	)		$	53,337							$	44
Net income (loss) attributed to shareholders			2,929				2,916				(359	)			(2,557	)			2,929								(1	)

⁽¹⁾	During 2017, MLI acquired John Hancock Reassurance Company Ltd. (“JHRECO”) from MFC. MLI has restated its historical IFRS financial statements to reflect the combined accounts of MLI and JHRECO on a retroactive basis.

Summary of Condensed Consolidated Statements of Financial Position for MFC and MFLP

Condensed Consolidated Statements of Financial Position

As at December 31, 2017

MFC
(Guarantor)

MLI
consolidated⁽¹⁾

Other
subsidiaries of
MFC on a
combined basis

Consolidating
adjustments

Total
consolidated
amounts

MFLP

Invested assets

$

21

$

334,191

$

10

$

–

$

334,222

$

5

Total other assets

48,688

71,180

4

(48,868

)

71,004

1,033

Segregated funds net assets

–

324,307

–

–

324,307

–

Insurance contract liabilities

–

304,605

–

–

304,605

–

Investment contract liabilities

–

3,126

–

–

3,126

–

Segregated funds net liabilities

–

324,307

–

–

324,307

–

Total other liabilities

7,696

48,145

–

(509

)

55,332

831

As at December 31, 2016

MFC
(Guarantor)

MLI
consolidated⁽¹⁾

Other
subsidiaries of
MFC on a
combined basis

Consolidating
adjustments

Total
consolidated
amounts

MFLP

Invested assets

$

161

$

321,698

$

10

$

–

$

321,869

$

6

Total other assets

48,073

83,607

4

(48,049

)

83,635

1,085

Segregated funds net assets

–

315,177

–

–

315,177

–

Insurance contract liabilities

–

297,505

–

–

297,505

–

Investment contract liabilities

–

3,275

–

–

3,275

–

Segregated funds net liabilities

–

315,177

–

–

315,177

–

Total other liabilities

6,402

55,808

–

(309

)

61,901

882

⁽¹⁾	During 2017, MLI acquired John Hancock Reassurance Company Ltd. (“JHRECO”) from MFC. MLI has restated its historical IFRS financial statements to reflect the combined accounts of MLI and JHRECO on a retroactive basis.

Schedule of Pledged Assets

The amounts pledged were as follows.



		2017										2016
As at December 31,		Debt securities				Other						Debt securities				Other
In respect of:
Derivatives		$	3,189			$	44					$	4,678			$	99
Regulatory requirements			398				86						409				78
Real estate			–				2						–				22
Repurchase agreements			228				–						255				–
Non-registered retirement plans in trust			–				412						–				464
Other			3				271						3				174
Total		$	3,818			$	815					$	5,345			$	837