Third Quarter 2020 Results Fact Sheet

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Third Quarter 2020 Results Fact Sheet Manulife reports 3Q20 net income of $2.1 billion, core earnings of $1.5 billion, APE sales of $1.4 billion, and a strong LICAT capital ratio of 155% Net Income Attributed to Shareholders Core Earnings (C$ millions) (C$ millions) 2,068 1,527 1,477 1,561 1,453 1,228 1,296 (211) 1,028 723 727 3Q19 4Q19 1Q20 2Q20 3Q20 3Q19 4Q19 1Q20 2Q20 3Q20 Global Wealth & Asset Management Net Flows Global Wealth & Asset Management Gross Flows (C$ billions) U.S. Canada Asia (C$ billions) U.S. Canada Asia 5.1 38.2 4.9 32.9 33.1 3.2 28.0 27.5 (2.2) (4.4) 3Q19 4Q19 1Q20 2Q20 3Q20 3Q19 4Q19 1Q20 2Q20 3Q20 New Business Value APE Sales (C$ millions) U.S. Canada Asia (C$ millions) U.S. Canada Asia 526 526 1,601 1,495 469 460 1,443 1,430 384 1,176 3Q19 4Q19 1Q20 2Q20 3Q20 3Q19 4Q19 1Q20 2Q20 3Q20 1 MLI’s1 LICAT total ratio Financial Leverage Ratio (Life Insurance Capital Adequacy Test Ratio LICAT) (%) (%) 155 155 155 26.1 26.0 26.7 146 140 25.1 23.0 3Q19 4Q19 1Q20 2Q20 3Q20 3Q19 4Q19 1Q20 2Q20 3Q20 Assets Under Management and Administration Total Invested Assets (C$ billions) (C$414.2 billion, Carrying values as of September 30, 2020) Fixed Income & Other Alternative Long-Duration Assets (ALDA) Public Equities Private Placement Debt 10% Government Bonds 20% Securitized MBS/ABS 1% Mortgages 12% Cash & Short-Term 1,236 1,257 Securities 6% 1,167 1,189 1,158 Corporate Bonds 33% Policy Loans and Loans to Bank Clients 2% Other 1% Real Estate Interests 1% Real Estate 3% Public Equities 5% Infrastructure 2% Oil & Gas 1% Private Equity & Other 2% Timberland & Farmland 1% 3Q19 4Q19 1Q20 2Q20 3Q20 Financial Strength Ratings2 Rating Agency Rating Outlook AM Best Company A+ (Superior) (Superior – 2nd of 13 ratings) Stable DBRS Morningstar AA (Very Strong – 3rd of 22 ratings) Stable Fitch Ratings Inc. AA- (Very Strong – 4th of 21 ratings) Stable Moody’s Investors Service Inc. A1 (Low Credit Risk – 5th of 21 ratings) Stable S&P Global Ratings AA- (Very Strong – 4th of 21 Ratings) Stable Investor Relations Contact: Media Relations Contact: Adrienne K. O’Neill Brooke Tucker-Reid Global Head of Investor Relations Director Global Communications 200 Bloor Street East, Toronto ON, Canada M4W 1E5 200 Bloor Street East, Toronto ON, Canada M4W 1E5 Tel: (416) 926-6997 Tel: (647) 528-9601 1 MLI refers to The Manufacturers Life Insurance Company. 2 Financial Strength Ratings apply to the main life operating companies of Manulife Financial Corporation including The Manufacturers Life Insurance Company, John Hancock Life Insurance Co. (U.S.A.), John Hancock Life & Health Insurance Co. and John Hancock Life Insurance Co. of New York. DBRS does not rate the U.S. insurance subsidiaries separately. All ratings current as of September 30, 2020. 2.

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