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Consolidated Statements of Cash Flows - CAD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Operating activities    
Net income $ 4,887 $ 2,262
Adjustments:    
Increase in insurance contract liabilities 2,907 20,023
Increase in investment contract liabilities 35 173
(Increase) decrease in reinsurance assets excluding coinsurance transactions (note 7) (9,733) 2,269
Amortization of (premium) discount on invested assets 212 230
Other amortization 747 560
Net realized and unrealized (gains) losses and impairment on assets 8,727 (7,188)
Deferred income tax expense (recovery) 930 (331)
Restructuring charge 156  
Stock option expense 10 15
Cash provided by (used in) operating activities before undernoted items 19,504 18,013
Changes in policy related and operating receivables and payables (316) (222)
Cash provided by (used in) operating activities 19,188 17,791
Investing activities    
Purchases and mortgage advances (101,172) (87,224)
Disposals and repayments 82,111 70,720
Change in investment broker net receivables and payables (128) 227
Net cash decrease from sale and purchase of subsidiaries and businesses 187 (10)
Cash provided by (used in) investing activities (19,002) (16,287)
Financing activities    
Increase (decrease) in repurchase agreements and securities sold but not yet purchased (189) (29)
Redemption of long-term debt (note 10) (400) (607)
Issue of capital instruments, net (note 11) 597 2,209
Redemption of capital instruments (note 11) (450) (899)
Secured borrowing from securitization transactions 250 741
Changes in deposits from Bank clients, net 1,490 261
Shareholders' dividends paid in cash (1,788) (1,780)
Contributions from (distributions to) non-controlling interests, net (60) (6)
Common shares repurchased (478)  
Common shares issued, net (note 12) 59 124
Preferred shares issued, net (note 12) 245  
Cash provided by (used in) financing activities (724) 14
Cash and short-term securities    
Increase (decrease) during the year (538) 1,518
Effect of foreign exchange rate changes on cash and short-term securities 822 (658)
Balance, beginning of year 15,098 14,238
Balance, December 31 15,382 15,098
Cash and short-term securities    
Gross cash and short-term securities, beginning of year 15,965 15,151
Net payments in transit, included in other liabilities, beginning of year (867) (913)
Balance, beginning of year 15,098 14,238
Gross cash and short-term securities, end of year 16,215 15,965
Net payments in transit, included in other liabilities, end of year (833) (867)
Balance, December 31 15,382 15,098
Supplemental disclosures on cash flow information    
Interest received 10,952 10,596
Interest paid 1,212 1,118
Income taxes paid $ 461 $ 1,360