Investor Presentaiton

I+I Canada Overview Individual Customer (IC) and Group Customer (GC) businesses Life insurance, health insurance, retirement savings and investment management Leading market shares in major product categories Earnings and ROE 1,2 (C$m) 1,051 12m+ customer relationships; 1 in 3 Canadians Net 1,178 Base 1,070 Serving customers through ~23k advisors, and group plan members through ~27k employers Recent Highlights 2019 15% 17% canada life Key Metrics 2,3 (by Business Unit) 1,206 Base Earnings* Group Customer 55% Ind. Customer 45% Sales: $12B1 Group Customer 22% 2020 16% 19% *Excludes Corporate loss of ($23m) Return on Equity & Base Return on Equity Ind. Customer 78% Amalgamated our three Canadian life insurance companies under a single brand, Canada Life, enhancing efficiencies and simplifying our business Canada Life recognized by Brand Finance as the fastest growing brand in Canada and the fastest growing insurance brand in the world Elevated our wealth strategy by combining GLC Asset Management with Mackenzie Financial, providing greater scale and more diversified investment capabilities Took an ownership stake in Northleaf Capital Partners, enhancing our alternative asset capabilities for more competitive product and balance sheet solutions 1. Base earnings, return on equity (ROE), base return on equity, and sales are non-IFRS measures. Refer to the Company's Annual 2. In C$ millions, unless otherwise indicated Reports and MD&A filings for definitions and details and the appropriate reconciliations of these non-IFRS measures to measures prescribed by IFRS. 3. For fiscal year 2020 7

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