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Total Invested Assets and Related Net Investment Income - Narrative (Details)
$ in Millions
12 Months Ended
Dec. 31, 2023
CAD ($)
dollarsPerSquareFoot
Dec. 31, 2022
CAD ($)
Dec. 31, 2021
CAD ($)
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]      
Assets supporting CLOs $ 3,478 $ 2,880  
Collateralized loan obligation 3,247 2,816  
Realized and unrealized losses on CLOs 43    
Other non-financial invested assets (Note 5) 1,657 1,652 $ 1,660
Notional amount 162,948 157,035 $ 174,499
Fair value 162,854 156,900  
Financial liabilities 18,902 17,964  
Financial liabilities, at fair value $ 18,801 $ 17,692  
Repurchase agreement interest rate 4.86% 3.90%  
Carrying value of securities lent $ 2,705 $ 2,725  
Cash collateral on securities lent      
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]      
Cash collateral 187 215  
Securitized Mortgages      
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]      
Notional amount 1,792 1,926  
Fair value 1,697 1,793  
Securities in Principal Reinvestment Account      
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]      
Notional amount 335 244  
Cash and cash equivalents in Principal Reinvestment Account      
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]      
Notional amount 57 0  
Transferred assets      
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]      
Fair value 2,705 2,725  
Securities lending      
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]      
Carrying value of securities lent 2,044 2,202  
Collateral associated with securities lending      
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]      
Carrying value of securities lent 2,158 2,322  
Investments accounted for using equity method      
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]      
Other non-financial invested assets (Note 5) $ 1,657 1,652  
Discounted cash flow | Investment property      
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]      
Expected return period 10 years    
Bottom of range      
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]      
Repurchase agreement maturity period 8 days    
Bottom of range | Discounted cash flow      
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]      
Rental growth rate (per annum) 0.00%    
Long-term vacancy rate 2.00%    
Discount rate 5.50%    
Terminal capitalization rate 4.00%    
Bottom of range | Discounted cash flow | Credit spread, measurement input      
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]      
Significant unobservable inputs 0.0050    
Bottom of range | Discounted cash flow | Liquidity adjustments, premium (discount), measurement input      
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]      
Significant unobservable inputs (0.0100)    
Bottom of range | Retail and office properties | Discounted cash flow      
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]      
Estimated rental value (per square foot, per annum) | dollarsPerSquareFoot 12.00    
Bottom of range | Industrial properties | Discounted cash flow      
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]      
Estimated rental value (per square foot, per annum) | dollarsPerSquareFoot 3.00    
Top of range      
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]      
Repurchase agreement maturity period 365 days    
Top of range | Discounted cash flow      
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]      
Rental growth rate (per annum) 3.00%    
Long-term vacancy rate 10.00%    
Discount rate 10.00%    
Terminal capitalization rate 8.50%    
Top of range | Discounted cash flow | Credit spread, measurement input      
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]      
Significant unobservable inputs 0.0450    
Top of range | Discounted cash flow | Liquidity adjustments, premium (discount), measurement input      
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]      
Significant unobservable inputs 0.0200    
Top of range | Retail and office properties | Discounted cash flow      
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]      
Estimated rental value (per square foot, per annum) | dollarsPerSquareFoot 76.00    
Top of range | Industrial properties | Discounted cash flow      
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]      
Estimated rental value (per square foot, per annum) | dollarsPerSquareFoot 23.00    
Weighted average      
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]      
Repurchase agreement maturity period 100 days    
At cost      
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]      
Other non-financial invested assets (Note 5) $ 9,723 10,102  
At fair value      
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]      
Other non-financial invested assets (Note 5) 9,723 10,102  
Other financial invested assets (CLOs)      
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]      
Maximum contractual exposure to credit risk of loans or receivables 192 159  
Financial liabilities 3,247 2,816  
Financial liabilities, at fair value 3,247 2,688  
Securitized Mortgages      
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]      
Financial liabilities 2,119 2,158  
Financial liabilities, at fair value 2,021 2,018  
Cash and Accounts Receivable      
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]      
Assets supporting CLOs 251 292  
Loans      
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]      
Assets supporting CLOs $ 3,227 $ 2,588