Toronto, Canada-Based Life Insurance Co Manulife Financial Posted a 4Q 2017 Net Loss of C$1.6 Bil ....................................................................................... This Entire 4Q 2017 Loss Was Caused By the US Trump Tax CUTS Act, Which Required Manulife Financial To Record a C$1.777 Bil Income Tax Expense ....................................................................................... Below Here is a Copy of Manulife Financial US SEC 10-K Filing's Wording on This Key Tax Issue

Based on a preliminary understanding of the new legislation, the Company recorded a provisional charge of $1.8 billion, after-tax, for the estimated impact of U.S. Tax Reform on policyholder liabilities and net deferred tax assets, including the reduction in the U.S. federal corporate income tax rate and the impact of specific life insurance regulations which limits the deductibility of reserves for U.S. federal income tax purposes.