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Segmented Information - Operating Results by Segment (Details) - CAD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Disclosure of operating segments [line items]    
Gross premiums: $ 26,190 $ 22,680
Less: Ceded premiums 2,452 2,392
Net investment income (loss) 12,718 13,140
Fee income 6,881 6,251
Total revenue 43,337 39,679
Total benefits and expenses 40,050 36,446
Income tax expense (benefit) 495 286
Total net income (loss) 2,792 2,947
Less: Net income (loss) attributable to participating policyholders (Note 21) 283 230
Net income (loss) attributable to non-controlling interests 11 4
Shareholders’ net income (loss) 2,498 2,713
Consolidation adjustments    
Disclosure of operating segments [line items]    
Gross premiums: 0 0
Less: Ceded premiums 0 0
Net investment income (loss) (46) 11
Fee income (276) (275)
Total revenue (322) (264)
Total benefits and expenses (322) (326)
Income tax expense (benefit) 0 0
Total net income (loss) 0 62
Less: Net income (loss) attributable to participating policyholders (Note 21) 0 0
Net income (loss) attributable to non-controlling interests 0 0
Shareholders’ net income (loss) 0 62
Annuities    
Disclosure of operating segments [line items]    
Gross premiums: 3,729 3,302
Annuities | Consolidation adjustments    
Disclosure of operating segments [line items]    
Gross premiums: 0 0
Life insurance    
Disclosure of operating segments [line items]    
Gross premiums: 11,812 9,470
Life insurance | Consolidation adjustments    
Disclosure of operating segments [line items]    
Gross premiums: 0 0
Health insurance    
Disclosure of operating segments [line items]    
Gross premiums: 10,649 9,908
Health insurance | Consolidation adjustments    
Disclosure of operating segments [line items]    
Gross premiums: 0 0
Canada | Reportable segments    
Disclosure of operating segments [line items]    
Gross premiums: 14,963 14,083
Less: Ceded premiums 1,530 1,488
Net investment income (loss) 6,823 6,474
Fee income 1,376 1,320
Total revenue 21,632 20,389
Total benefits and expenses 20,669 19,317
Income tax expense (benefit) 50 15
Total net income (loss) 913 1,057
Less: Net income (loss) attributable to participating policyholders (Note 21) 196 174
Net income (loss) attributable to non-controlling interests 0 0
Shareholders’ net income (loss) 717 883
Canada | Annuities | Reportable segments    
Disclosure of operating segments [line items]    
Gross premiums: 3,594 3,276
Canada | Life insurance | Reportable segments    
Disclosure of operating segments [line items]    
Gross premiums: 5,358 5,178
Canada | Health insurance | Reportable segments    
Disclosure of operating segments [line items]    
Gross premiums: 6,011 5,629
U.S. | Reportable segments    
Disclosure of operating segments [line items]    
Gross premiums: 6,131 5,838
Less: Ceded premiums 695 662
Net investment income (loss) 2,610 2,802
Fee income 92 86
Total revenue 8,138 8,064
Total benefits and expenses 7,825 7,878
Income tax expense (benefit) 56 28
Total net income (loss) 257 158
Less: Net income (loss) attributable to participating policyholders (Note 21) 0 (5)
Net income (loss) attributable to non-controlling interests 0 0
Shareholders’ net income (loss) 257 163
U.S. | Annuities | Reportable segments    
Disclosure of operating segments [line items]    
Gross premiums: 0 1
U.S. | Life insurance | Reportable segments    
Disclosure of operating segments [line items]    
Gross premiums: 1,548 1,605
U.S. | Health insurance | Reportable segments    
Disclosure of operating segments [line items]    
Gross premiums: 4,583 4,232
Asset Management    
Disclosure of operating segments [line items]    
Total revenue 5,037 4,554
Asset Management | Reportable segments    
Disclosure of operating segments [line items]    
Gross premiums: 0 0
Less: Ceded premiums 0 0
Net investment income (loss) 23 83
Fee income 5,014 4,471
Total revenue 5,037 4,554
Total benefits and expenses 3,712 3,391
Income tax expense (benefit) 334 262
Total net income (loss) 991 901
Less: Net income (loss) attributable to participating policyholders (Note 21) 0 0
Net income (loss) attributable to non-controlling interests 11 4
Shareholders’ net income (loss) 980 897
Asset Management | Annuities | Reportable segments    
Disclosure of operating segments [line items]    
Gross premiums: 0 0
Asset Management | Life insurance | Reportable segments    
Disclosure of operating segments [line items]    
Gross premiums: 0 0
Asset Management | Health insurance | Reportable segments    
Disclosure of operating segments [line items]    
Gross premiums: 0 0
Asia | Reportable segments    
Disclosure of operating segments [line items]    
Gross premiums: 4,962 2,630
Less: Ceded premiums 212 222
Net investment income (loss) 2,550 2,865
Fee income 572 531
Total revenue 7,872 5,804
Total benefits and expenses 7,137 5,172
Income tax expense (benefit) 54 51
Total net income (loss) 681 581
Less: Net income (loss) attributable to participating policyholders (Note 21) 87 61
Net income (loss) attributable to non-controlling interests 0 0
Shareholders’ net income (loss) 594 520
Asia | Annuities | Reportable segments    
Disclosure of operating segments [line items]    
Gross premiums: 108 2
Asia | Life insurance | Reportable segments    
Disclosure of operating segments [line items]    
Gross premiums: 4,821 2,597
Asia | Health insurance | Reportable segments    
Disclosure of operating segments [line items]    
Gross premiums: 33 31
Corporate    
Disclosure of operating segments [line items]    
Total revenue 980 1,132
Corporate | Reportable segments    
Disclosure of operating segments [line items]    
Gross premiums: 134 129
Less: Ceded premiums 15 20
Net investment income (loss) 758 905
Fee income 103 118
Total revenue 980 1,132
Total benefits and expenses 1,029 1,014
Income tax expense (benefit) 1 (70)
Total net income (loss) (50) 188
Less: Net income (loss) attributable to participating policyholders (Note 21) 0 0
Net income (loss) attributable to non-controlling interests 0 0
Shareholders’ net income (loss) (50) 188
Corporate | Annuities | Reportable segments    
Disclosure of operating segments [line items]    
Gross premiums: 27 23
Corporate | Life insurance | Reportable segments    
Disclosure of operating segments [line items]    
Gross premiums: 85 90
Corporate | Health insurance | Reportable segments    
Disclosure of operating segments [line items]    
Gross premiums: $ 22 $ 16