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Commitments and Contingencies (Tables)

12 Months Ended

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