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Insurance Risk Management - Narrative (Details)
$ in Millions, $ in Millions
12 Months Ended
Dec. 31, 2020
CAD ($)
Dec. 31, 2020
USD ($)
Dec. 31, 2019
CAD ($)
Single Life Insurance Contracts In Canada      
Disclosure of types of insurance contracts [line items]      
Reinsurance retention limit $ 40    
Single Life Insurance Contracts Outside Of Canada      
Disclosure of types of insurance contracts [line items]      
Reinsurance retention limit   $ 40  
Survivorship Life Insurance Contracts In Canada      
Disclosure of types of insurance contracts [line items]      
Reinsurance retention limit 50    
Survivorship Life Insurance Contracts Outside Of Canada      
Disclosure of types of insurance contracts [line items]      
Reinsurance retention limit   $ 50  
Mortality Risk | Life Insurance Contracts Where Higher Mortality Is Financially Adverse      
Disclosure of types of insurance contracts [line items]      
Increase (decrease) in net income due to change in corresponding risk variable $ (25)   $ (35)
Reasonably possible increase (decrease) in risk variable, percent 2.00% 2.00% 2.00%
Increase (decrease) in equity due to change in corresponding risk variable $ 25   $ 35
Morbidity Risk | Life Insurance Contracts Where Morbidity Is Significant Assumption      
Disclosure of types of insurance contracts [line items]      
Increase (decrease) in net income due to change in corresponding risk variable $ (250)   $ (205)
Reasonably possible increase (decrease) in risk variable, percent 5.00% 5.00% 5.00%
Increase (decrease) in equity due to change in corresponding risk variable $ 250   $ 205
Longevity Risk | Life Insurance Annuities Contracts      
Disclosure of types of insurance contracts [line items]      
Increase (decrease) in net income due to change in corresponding risk variable $ (150)   $ (135)
Reasonably possible increase (decrease) in risk variable, percent (2.00%) (2.00%) (2.00%)
Increase (decrease) in equity due to change in corresponding risk variable $ 150   $ 135
Policyholder Behaviour Risk | Individual Life Insurance Contracts Where Fewer Terminations Are Financially Adverse      
Disclosure of types of insurance contracts [line items]      
Increase (decrease) in net income due to change in corresponding risk variable $ (295)   $ (265)
Reasonably possible increase (decrease) in risk variable, percent (10.00%) (10.00%) (10.00%)
Increase (decrease) in equity due to change in corresponding risk variable $ (295)   $ (265)
Policyholder Behaviour Risk | Individual Life Insurance Contracts Where More Terminations Are Financially Adverse      
Disclosure of types of insurance contracts [line items]      
Increase (decrease) in net income due to change in corresponding risk variable $ (200)   $ (195)
Reasonably possible increase (decrease) in risk variable, percent 10.00% 10.00% 10.00%
Increase (decrease) in equity due to change in corresponding risk variable $ (200)   $ (195)
Expense Risk | Life insurance contracts      
Disclosure of types of insurance contracts [line items]      
Increase (decrease) in net income due to change in corresponding risk variable $ (175)   $ (170)
Reasonably possible increase (decrease) in risk variable, percent 5.00% 5.00% 5.00%
Increase (decrease) in equity due to change in corresponding risk variable $ 175   $ 170