MANULIFE FINANCIAL CORP

Three Year History In 2025, we sustained our momentum and delivered solid operating and financial results across the business. We introduced a refreshed ambition underpinned by five new strategic priorities to build on our strong foundation and meet the demands of a fast-changing world. We announced new milestones to strengthen our presence in the world's largest economies and augment our capabilities to deliver differentiated products and solutions for our customers. We progressed our digital and AI agenda, focusing on scaling use cases piloted in 2024 while accelerating the development of the next wave of AI capabilities. We remain on track to deliver on our medium-term targets set at our 2024 Investor Day. Further highlights on our new strategic priorities, recent transactions, and financial targets are outlined in our 2025 MD A. The following changes were made or announced in 2025 to the executive leadership team Steve Finch was appointed CEO, Asia Segment, succeeding Phil Witherington after his appointment to President and CEO, effective May 2025 Stephanie Fadous was appointed Chief Actuary succeeding Steve Finch, effective May 2025 Mike Coyne was appointed General Counsel, effective September 2025, succeeding Jim Gallagher after his retirement and Marc Costantini, Global Head of Strategy and Inforce Management, resigned, with his mandate redistributed across Colin Simpson, Chief Financial Officer, and Naveed Irshad, CEO, Canada Segment.