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Commitments and Contingencies (Tables) | 12 Months Ended
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Dec. 31, 2020
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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, 2020 |  | MFC (Guarantor) |  |  | MLI consolidated |  |  | Other subsidiaries of MFC on a combined basis |  |  | Consolidation adjustments |  |  | Total consolidated amounts |  |  |  |  |  | MFLP |
Total revenue |  | $ | 547 |  |  | $ | 78,929 |  |  | $ | 520 |  |  | $ | (1,088 | ) |  | $ | 78,908 |  |  |  |  |  |  | $ | 32 |
Net income (loss) attributed to shareholders |  |  | 5,871 |  |  |  | 6,179 |  |  |  | (500 | ) |  |  | (5,679 | ) |  |  | 5,871 |  |  |  |  |  |  |  | (1 | )
For the year ended December 31, 2019 |  | MFC (Guarantor) |  |  | MLI consolidated |  |  | Other subsidiaries of MFC on a combined basis |  |  | Consolidation adjustments |  |  | Total consolidated amounts |  |  |  |  |  | MFLP |
Total revenue |  | $ | 371 |  |  | $ | 79,711 |  |  | $ | 417 |  |  | $ | (929 | ) |  | $ | 79,570 |  |  |  |  |  |  | $ | 32 |
Net income (loss) attributed to shareholders |  |  | 5,602 |  |  |  | 5,963 |  |  |  | (401 | ) |  |  | (5,562 | ) |  |  | 5,602 |  |  |  |  |  |  |  | (1 | )
Summary of Condensed Consolidated Statements of Financial Position for MFC and MFLP | Condensed Consolidated Statements of Financial Position
As at December 31, 2020 |  | MFC (Guarantor) |  |  | MLI consolidated |  |  | Other subsidiaries of MFC on a combined basis |  |  | Consolidation adjustments |  |  | Total consolidated amounts |  |  |  |  |  | MFLP |
Invested assets |  | $ | 47 |  |  | $ | 410,919 |  |  | $ | 11 |  |  | $ | – |  |  | $ | 410,977 |  |  |  |  |  |  | $ | 5 |
Total other assets |  |  | 64,419 |  |  |  | 102,439 |  |  |  | 3 |  |  |  | (64,925 | ) |  |  | 101,936 |  |  |  |  |  |  |  | 1,166 |
Segregated funds net assets |  |  | – |  |  |  | 367,436 |  |  |  | – |  |  |  | – |  |  |  | 367,436 |  |  |  |  |  |  |  | – |
Insurance contract liabilities |  |  | – |  |  |  | 385,554 |  |  |  | – |  |  |  | – |  |  |  | 385,554 |  |  |  |  |  |  |  | – |
Investment contract liabilities |  |  | – |  |  |  | 3,288 |  |  |  | – |  |  |  | – |  |  |  | 3,288 |  |  |  |  |  |  |  | – |
Segregated funds net liabilities |  |  | – |  |  |  | 367,436 |  |  |  | – |  |  |  | – |  |  |  | 367,436 |  |  |  |  |  |  |  | – |
Total other liabilities |  |  | 12,131 |  |  |  | 59,683 |  |  |  | – |  |  |  | (749 | ) |  |  | 71,065 |  |  |  |  |  |  |  | 936 |
As at December 31, 2019 |  | MFC (Guarantor) |  |  | MLI consolidated |  |  | Other subsidiaries of MFC on a combined basis |  |  | Consolidation adjustments |  |  | Total consolidated amounts |  |  |  |  |  | MFLP |
Invested assets |  | $ | 21 |  |  | $ | 378,496 |  |  | $ | 10 |  |  | $ | – |  |  | $ | 378,527 |  |  |  |  |  |  | $ | 6 |
Total other assets |  |  | 57,474 |  |  |  | 87,774 |  |  |  | 3 |  |  |  | (57,756 | ) |  |  | 87,495 |  |  |  |  |  |  |  | 1,088 |
Segregated funds net assets |  |  | – |  |  |  | 343,108 |  |  |  | – |  |  |  | – |  |  |  | 343,108 |  |  |  |  |  |  |  | – |
Insurance contract liabilities |  |  | – |  |  |  | 351,161 |  |  |  | – |  |  |  | – |  |  |  | 351,161 |  |  |  |  |  |  |  | – |
Investment contract liabilities |  |  | – |  |  |  | 3,104 |  |  |  | – |  |  |  | – |  |  |  | 3,104 |  |  |  |  |  |  |  | – |
Segregated funds net liabilities |  |  | – |  |  |  | 343,108 |  |  |  | – |  |  |  | – |  |  |  | 343,108 |  |  |  |  |  |  |  | – |
Total other liabilities |  |  | 8,357 |  |  |  | 53,998 |  |  |  | – |  |  |  | (704 | ) |  |  | 61,651 |  |  |  |  |  |  |  | 858 |
Schedule of Pledged Assets | The amounts pledged are as follows.
|  | 2020 |  |  |  |  |  | 2019 |
As at December 31, |  | Debt securities |  |  | Other |  |  |  |  |  | Debt securities |  |  | Other |
In respect of: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivatives |  | $ | 5,924 |  |  | $ | 35 |  |  |  |  |  |  | $ | 4,257 |  |  | $ | 17 |
Secured borrowings (1) |  |  | – |  |  |  | 2,790 |  |  |  |  |  |  |  | – |  |  |  | – |
Regulatory requirements |  |  | 452 |  |  |  | 80 |  |  |  |  |  |  |  | 433 |  |  |  | 67 |
Repurchase agreements |  |  | 353 |  |  |  | – |  |  |  |  |  |  |  | 330 |  |  |  | – |
Non-registered retirement plans in trust |  |  | – |  |  |  | 424 |  |  |  |  |  |  |  | – |  |  |  | 407 |
Other |  |  | 2 |  |  |  | 302 |  |  |  |  |  |  |  | 3 |  |  |  | 331 |
Total |  | $ | 6,731 |  |  | $ | 3,631 |  |  |  |  |  |  | $ | 5,023 |  |  | $ | 822 |
(1) | During the year, the Company pledged its mortgage loans with the Federal Home Loan Bank of Indianapolis (“FHLBI”). Of this amount, $937 is required collateral for the US$500 outstanding borrowing to JHUSA under the FHLBI facility; and $1,853 is excess collateral that can be called back by JHUSA at any time.

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