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Commitments and Contingencies (Tables) | 12 Months Ended
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Dec. 31, 2022
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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, 2022 |  | MFC (Guarantor) |  |  | Other subsidiaries of MFC on a combined basis |  |  | Consolidation adjustments |  |  | Total consolidated amounts |  |  |  |  |  | MFLP |
Total revenue |  | $ | 518 |  |  | $ | 17,732 |  |  | $ | (1,103) |  |  | $ | 17,147 |  |  |  |  |  |  | $ | 64 |
Net income (loss) attributed to shareholders |  |  | 7,294 |  |  |  | 7,071 |  |  |  | (7,071) |  |  |  | 7,294 |  |  |  |  |  |  |  | 21 |
For the year ended December 31, 2021 |  | MFC (Guarantor) |  |  | Other subsidiaries on a combined basis |  |  | Consolidation adjustments |  |  | Total consolidated amounts |  |  |  |  |  | MFLP |
Total revenue |  | $ | 563 |  |  | $ | 62,323 |  |  | $ | (1,065) |  |  | $ | 61,821 |  |  |  |  |  |  | $ | 41 |
Net income (loss) attributed to shareholders |  |  | 7,105 |  |  |  | 6,842 |  |  |  | (6,842) |  |  |  | 7,105 |  |  |  |  |  |  |  | 3 |
Summary of Condensed Consolidated Statements of Financial Position for MFC and MFLP | Condensed Consolidated Statements of Financial Position
As at December 31, 2022 |  | MFC (Guarantor) |  |  | Other subsidiaries on a combined basis |  |  | Consolidation adjustments |  |  | Total consolidated amounts |  |  |  |  |  | MFLP |
Invested assets |  | $ | 63 |  |  | $ | 413,938 |  |  | $ | – |  |  | $ | 414,001 |  |  |  |  |  |  | $ | 21 |
Total other assets |  |  | 67,543 |  |  |  | 90,687 |  |  |  | (71,852 | ) |  |  | 86,378 |  |  |  |  |  |  |  | 950 |
Segregated funds net assets |  |  | – |  |  |  | 348,562 |  |  |  | – |  |  |  | 348,562 |  |  |  |  |  |  |  | – |
Insurance contract liabilities |  |  | – |  |  |  | 371,405 |  |  |  | – |  |  |  | 371,405 |  |  |  |  |  |  |  | – |
Investment contract liabilities |  |  | – |  |  |  | 3,248 |  |  |  | – |  |  |  | 3,248 |  |  |  |  |  |  |  | – |
Segregated funds net liabilities |  |  | – |  |  |  | 348,562 |  |  |  | – |  |  |  | 348,562 |  |  |  |  |  |  |  | – |
Total other liabilities |  |  | 11,545 |  |  |  | 58,246 |  |  |  | (444 | ) |  |  | 69,347 |  |  |  |  |  |  |  | 712 |
As at December 31, 2021 |  | MFC (Guarantor) |  |  | Other subsidiaries on a combined basis |  |  | Consolidation adjustments |  |  | Total consolidated amounts |  |  |  |  |  | MFLP |
Invested assets |  | $ | 78 |  |  | $ | 427,020 |  |  | $ | – |  |  | $ | 427,098 |  |  |  |  |  |  | $ | 3 |
Total other assets |  |  | 68,866 |  |  |  | 94,615 |  |  |  | (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 |
Schedule of Pledged Assets | The amounts pledged are as follows.
|  | 2022 |  |  |  |  |  | 2021 |
As at December 31, |  | Debt securities |  |  | Other |  |  |  |  |  | Debt securities |  |  | Other |
In respect of: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivatives |  | $ | 11,944 |  |  | $ | 23 |  |  |  |  |  |  | $ | 5,525 |  |  | $ | 23 |
Secured borrowings |  |  | – |  |  |  | 2,385 |  |  |  |  |  |  |  | – |  |  |  | 2,575 |
Regulatory requirements |  |  | 320 |  |  |  | 77 |  |  |  |  |  |  |  | 367 |  |  |  | 78 |
Repurchase agreements |  |  | 886 |  |  |  | – |  |  |  |  |  |  |  | 535 |  |  |  | – |
Non-registered retirement plans in trust |  |  | – |  |  |  | 326 |  |  |  |  |  |  |  | – |  |  |  | 377 |
Other |  |  | – |  |  |  | 404 |  |  |  |  |  |  |  | 2 |  |  |  | 414 |
Total |  | $ | 13,150 |  |  | $ | 3,215 |  |  |  |  |  |  | $ | 6,429 |  |  | $ | 3,467 |

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