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Total Invested Assets and Related Net Investment Income - Carrying Value and Fair Value of Financial Assets and Other Financial Liabilities (Details) - CAD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Disclosure of fair value measurement of assets [line items]      
Carrying value $ 162,948 $ 157,035 $ 174,499
Fair value 162,854 156,900  
Financial liabilities, carrying value 18,902 17,964  
Financial liabilities, at fair value 18,801 17,692  
Invested assets 174,328 168,789 185,268
Investment properties (Note 5) 9,723 10,102 9,109
Other non-financial invested assets (Note 5) 1,657 1,652 $ 1,660
Derivative investments      
Disclosure of fair value measurement of assets [line items]      
Financial liabilities, carrying value 1,311 2,351  
Financial liabilities, at fair value 1,311 2,351  
Other financial invested assets (CLOs)      
Disclosure of fair value measurement of assets [line items]      
Financial liabilities, carrying value 3,247 2,816  
Financial liabilities, at fair value 3,247 2,688  
Measured at amortized cost | Investment contract liabilities      
Disclosure of fair value measurement of assets [line items]      
Financial liabilities, carrying value 11,672 10,728  
Financial liabilities, at fair value 11,672 10,728  
Measured at amortized cost | Other financial liabilities      
Disclosure of fair value measurement of assets [line items]      
Financial liabilities, carrying value 2,449 1,996  
Financial liabilities, at fair value 2,348 1,852  
FVTPL | Obligations for securities borrowing      
Disclosure of fair value measurement of assets [line items]      
Financial liabilities, carrying value 223 73  
Financial liabilities, at fair value 223 73  
Cash, cash equivalents and short-term securities      
Disclosure of fair value measurement of assets [line items]      
Carrying value 13,173 11,219  
Fair value 13,173 11,219  
Debt securities      
Disclosure of fair value measurement of assets [line items]      
Carrying value 75,493 75,902  
Debt securities | FVTPL      
Disclosure of fair value measurement of assets [line items]      
Carrying value 61,180 59,357  
Fair value 61,180 59,357  
Debt securities | FVOCI      
Disclosure of fair value measurement of assets [line items]      
Carrying value 14,313 16,545  
Fair value 14,313 16,545  
Equity securities      
Disclosure of fair value measurement of assets [line items]      
Carrying value 7,138 7,148  
Equity securities | FVTPL      
Disclosure of fair value measurement of assets [line items]      
Carrying value 7,070 7,148  
Fair value 7,070 7,148  
Equity securities | FVOCI      
Disclosure of fair value measurement of assets [line items]      
Carrying value 68 0  
Fair value 68    
Mortgages and loans | FVTPL      
Disclosure of fair value measurement of assets [line items]      
Carrying value 50,552 47,208  
Fair value 50,552 47,208  
Mortgages and loans | FVOCI      
Disclosure of fair value measurement of assets [line items]      
Carrying value 1,948 1,804  
Fair value 1,948 1,804  
Mortgages and loans | Amortized cost      
Disclosure of fair value measurement of assets [line items]      
Carrying value 2,100 2,241  
Fair value 2,006 2,106  
Mortgages and loans | Amortized cost | Level 2      
Disclosure of fair value measurement of assets [line items]      
Fair value 1,994 2,105  
Mortgages and loans | Amortized cost | Level 3      
Disclosure of fair value measurement of assets [line items]      
Fair value 12 1  
Derivative investments      
Disclosure of fair value measurement of assets [line items]      
Carrying value 2,183 2,095  
Fair value 2,183 2,095  
Other financial invested assets | FVTPL      
Disclosure of fair value measurement of assets [line items]      
Carrying value 6,883 6,538  
Fair value 6,883 6,538  
Other financial invested assets (CLOs)      
Disclosure of fair value measurement of assets [line items]      
Carrying value 3,478 2,880  
Fair value $ 3,478 $ 2,880