XML 70 R44.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Reinsurance (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Insurance Contracts [Abstract] |
Schedule of reinsurance assets | Reinsurance assets are measured using the amounts and assumptions associated with the underlying insurance contracts and in accordance with the terms of each reinsurance contract. Reinsurance assets are comprised of the following:
As at December 31, 2021 | Canada | U.S. |  | Asia | Corporate(1) |  | Total
Individual participating life |  | $ | — |  |  | $ | 7 |  |  | $ | 214 |  |  | $ | — |  |  | $ | 221 |
Individual non-participating life and health |  | (547) |  |  | 838 |  |  | 33 |  |  | 16 |  |  | 340 |
Group life and health |  | 284 |  |  | 2,018 |  |  | 5 |  |  | — |  |  | 2,307 |
Individual annuities |  | — |  |  | — |  |  | — |  |  | 15 |  |  | 15 |
Group annuities |  | 22 |  |  | — |  |  | — |  |  | — |  |  | 22 |
Reinsurance assets before other policy assets | (241) |  |  | 2,863 |  |  | 252 |  |  | 31 |  |  | 2,905 |
Add: Other policy assets(2) |  | 95 |  |  | 563 |  |  | 81 |  |  | 39 |  |  | 778 |
Total Reinsurance assets |  | $ | (146) |  |  | $ | 3,426 |  |  | $ | 333 |  |  | $ | 70 |  |  | $ | 3,683 |
(1) Primarily business from the UK and run-off reinsurance operations. Includes UK business of $16 for Individual non-participating life and health, and $15 for Individual annuities. (2) Consists of amounts on deposit, policy benefits payable, provisions for unreported claims, provisions for policyholder dividends, and provisions for experience rating refunds.
As at December 31, 2020 | Canada | U.S. | Asia | Corporate(1) |  | Total
Individual participating life |  | $ | 57 |  |  | $ | 9 |  |  | $ | 263 |  |  | $ | — |  |  | $ | 329 |
Individual non-participating life and health |  | (636) |  |  | 882 |  |  | 49 |  |  | 18 |  |  | 313 |
Group life and health |  | 403 |  |  | 1,920 |  |  | 4 |  |  | — |  |  | 2,327 |
Individual annuities |  | — |  |  | — |  |  | — |  |  | 17 |  |  | 17 |
Group annuities |  | 140 |  |  | — |  |  | — |  |  | — |  |  | 140 |
Reinsurance assets before other policy assets | (36) |  |  | 2,811 |  |  | 316 |  |  | 35 |  |  | 3,126 |
Add: Other policy assets(2) |  | 104 |  |  | 508 |  |  | 65 |  |  | 40 |  |  | 717 |
Total Reinsurance assets |  | $ | 68 |  |  | $ | 3,319 |  |  | $ | 381 |  |  | $ | 75 |  |  | $ | 3,843 |
(1) Primarily business from the UK and run-off reinsurance operations. Includes UK business of $18 for Individual non-participating life and health, and $17 for Individual annuities. (2) Consists of amounts on deposit, policy benefits payable, provisions for unreported claims, provisions for policyholder dividends, and provisions for experience rating refunds.
Schedule of reinsurance expenses and benefits | Reinsurance (expenses) recoveries consist of the following:
For the years ended December 31, |  |  |  |  |  |  |  |  |  | 2021 |  | 2020
Recovered claims and benefits |  |  |  |  |  |  |  |  |  | $ | 2,233 |  |  | $ | 2,182 |
Commissions |  |  |  |  |  |  |  |  |  | 65 |  |  | 69
Reserve adjustments |  |  |  |  |  |  |  |  |  | 45 |  |  | 22
Operating expenses and other |  |  |  |  |  |  |  |  |  | 82 |  |  | 80
Total reinsurance (expenses) recoveries |  |  |  |  |  |  |  |  |  | $ | 2,425 |  |  | $ | 2,353 |

X
- Definition Disclosure Of Income From Contracts With Reinsurers Explanatory [Table Text Block] + References No definition available. + Details
Name: | slf_DisclosureOfIncomeFromContractsWithReinsurersExplanatoryTableTextBlock
Namespace Prefix: | slf_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure Of Reinsurance Assets Explanatory [Table Text Block] + References No definition available. + Details
Name: | slf_DisclosureOfReinsuranceAssetsExplanatoryTableTextBlock
Namespace Prefix: | slf_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Insurance Contracts [Abstract] + References No definition available. + Details
Name: | slf_InsuranceContractsAbstract
Namespace Prefix: | slf_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration