Manulife Financial

The loss from reinsurance was primarily related to market experience from the sale of fair value through other comprehensive income ( FVOCI ) debt instruments.

SEC original ↗Manulife Financial — Earnings release (6-K exhibit)EX-99Aug 6, 2025

The year-to-date net loss on all three transactions was primarily related to market experience from the sale of FVOCI debt instruments.

SEC original ↗Manulife Financial — Earnings release (6-K exhibit)EX-99Aug 6, 2025

Market experience was a net charge of $ 665 million in 2Q24 , primarily driven by lower-than- expected returns on ALDA mainly related to private equity and real estate investments, net realized losses from the sale of debt instruments which are classified as FVOCI, of which $273 million was related to the transfer of assets with respect to the RGA Canadian Reinsurance Transaction, and losses from unfavourable foreign exchange impacts.

SEC original ↗Manulife Financial — Earnings release (6-K exhibit)EX-99Aug 6, 2025

1 The net redemption of capital instruments consists of the redemption of $1.0 billion of subordinated debt and the issuance of $0.5 billion of subordinated debt in 2Q25 .

SEC original ↗Manulife Financial — Earnings release (6-K exhibit)EX-99Aug 6, 2025

The decrease was driven by common share buybacks, the net redemption of subordinated debt, and market movements, partially offset by an update from OSFI to lower the capital charge on certain infrastructure assets in Canada.

SEC original ↗Manulife Financial — Earnings release (6-K exhibit)EX-99Aug 6, 2025

The difference between the MLI and MFC ratios as at June 30, 2025 was largely due to the $6.3 billion of MFC senior debt outstanding that does not qualify as available capital at the MFC level but, based on the form it was down-streamed, qualifies as regulatory capital for MLI.

SEC original ↗Manulife Financial — Earnings release (6-K exhibit)EX-99Aug 6, 2025

Investing in our high-potential businesses with strategically focused intent is critical, and I m excited to announce our acquisition of Comvest Credit Partners, adding highly complementary and scaled capabilities in private credit, an asset- strategy that we believe will contribute to future growth across our Global Wealth and Asset Management lines of business.

SEC original ↗Manulife Financial — Earnings release (6-K exhibit)EX-99Aug 6, 2025

Manulife Financial Corporation Second Quarter 2025 3 Strategic Highlights We are embedding AI across our business, accelerating our journey to become a Digital, Customer Leader and earning the top spot for AI maturity in our industry In Global WAM, we l aunched an AI-powered sales enablement solution in U.

SEC original ↗Manulife Financial — Earnings release (6-K exhibit)EX-99Aug 6, 2025

This strategic move deepens our presence in the Middle East and enhances our ability to address the growing wealth and protection needs of HNW and ultra-HNW individuals in the region .

SEC original ↗Manulife Financial — Earnings release (6-K exhibit)EX-99Aug 6, 2025

In Global WAM, we c ontinued to deliver comprehensive investment solutions by expanding our Global Retail product lineup with the launch of a diversified real assets strategy in Malaysia to help investors navigate market volatility.

SEC original ↗Manulife Financial — Earnings release (6-K exhibit)EX-99Aug 6, 2025

This initiative addresses critical care gaps that impact women s health and workforce participation .

SEC original ↗Manulife Financial — Earnings release (6-K exhibit)EX-99Aug 6, 2025

Phil Witherington, Manulife President Chief Executive Officer While core EPS growth was dampened by headwinds related to unfavourable life insurance claims experience in the U.

SEC original ↗Manulife Financial — Earnings release (6-K exhibit)EX-99Aug 6, 2025