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Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2021

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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, 2021		MFC (Guarantor)				MLI consolidated				Other subsidiaries of MFC on a combined basis				Consolidation adjustments				Total consolidated amounts								MFLP
Total revenue		$	563			$	61,787			$	536			$	(1,065)			$	61,821							$	41
Net income (loss) attributed to shareholders and other equity holders			7,105				7,342				(500	)			(6,842)				7,105								3

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	)

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

Condensed Consolidated Statements of Financial Position


As at December 31, 2021		MFC (Guarantor)				MLI consolidated				Other subsidiaries of MFC on a combined basis				Consolidation adjustments				Total consolidated amounts								MFLP
Invested assets		$	78			$	427,010			$	10			$	–			$	427,098							$	3
Total other assets			68,866				91,412				3,203				(72,724	)			90,757								1,088
Segregated funds net assets			–				399,788				–				–				399,788								–
Insurance contract liabilities			–				392,275				–				–				392,275								–
Investment contract liabilities			–				3,117				–				–				3,117								–
Segregated funds net liabilities			–				399,788				–				–				399,788								–
Total other liabilities			10,536				53,962				–				(904	)			63,594								852

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

Schedule of Pledged Assets

The amounts pledged are as follows.


		2021												2020
As at December 31,		Debt securities				Other								Debt securities				Other
In respect of:
Derivatives		$	5,525			$	23							$	5,924			$	35
Secured borrowings			–				2,575								–				2,790
Regulatory requirements			367				78								452				80
Repurchase agreements			535				–								353				–
Non-registered retirement plans in trust			–				377								–				424
Other			2				414								2				302
Total		$	6,429			$	3,467							$	6,731			$	3,631