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Consolidated Statements of Income - CAD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Premium income    
Gross premiums $ 39,150 $ 36,361
Premiums ceded to reinsurers (15,138) (8,151)
Net premiums 24,012 28,210
Investment income (note 3)    
Investment income 13,560 13,649
Realized and unrealized gains (losses) on assets supporting insurance and investment contract liabilities and on the macro hedge program (9,028) 5,718
Net investment income 4,532 19,367
Other revenue (note 14) 10,428 10,746
Total revenue 38,972 58,323
Contract benefits and expenses To contract holders and beneficiaries    
Gross claims and benefits (note 7) 27,878 24,994
Increase (decrease) in insurance contract liabilities 2,907 20,023
Increase (decrease) in investment contract liabilities 35 173
Benefits and expenses ceded to reinsurers (5,153) (8,158)
Decrease (increase) in reinsurance assets (note 7) (9,733) 2,269
Net benefits and claims 15,934 39,301
General expenses 7,957 7,233
Investment expenses (note 3) 1,708 1,673
Commissions 6,173 6,116
Interest expense 1,275 1,139
Net premium taxes 406 360
Total contract benefits and expenses 33,453 55,822
Income before income taxes 5,519 2,501
Income tax (expense) recovery (632) (239)
Net income 4,887 2,262
Net income (loss) attributed to:    
Non-controlling interests 214 194
Participating policyholders (127) (36)
Shareholders 4,800 2,104
Net income 4,887 2,262
Net income attributed to shareholders 4,800 2,104
Preferred share dividends (168) (159)
Common shareholders' net income $ 4,632 $ 1,945
Earnings per share    
Basic earnings per common share (note 12) $ 2.34 $ 0.98
Diluted earnings per common share (note 12) 2.33 0.98
Dividends per common share $ 0.91 $ 0.82