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Invested Assets and Investment Income - Schedule of Carrying Values and Fair Values of Invested Assets (Detail) - CAD ($) $ in Millions | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018
--- | --- | --- | ---
Disclosure of fair value measurement of assets [Line Items] |  |  |
Cash and short-term securities | $ 26,167 | $ 20,300 | $ 16,215
Debt securities | 218,724 | 198,122 |
Public equities | 23,722 | 22,851 |
Mortgages | 50,207 | 49,376 |
Private placements | 40,756 | 37,979 |
Policy loans | 6,398 | 6,471 |
Loans to bank clients | 1,976 | 1,740 |
Real estate | 12,832 | 12,928 |
Total invested assets | 410,977 | 378,527 |
Other invested assets | 30,195 | 28,760 |
FVTPL [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Cash and short-term securities | 2,079 | 1,859 |
Debt securities | 128,297 | 116,044 |
Public equities | 22,071 | 20,060 |
Total invested assets | 223,539 | 203,627 |
AFS [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Cash and short-term securities | 18,314 | 13,084 |
Debt securities | 6,566 | 5,285 |
Public equities | 1,651 | 2,791 |
Total invested assets | 55,716 | 47,789 |
Other invested assets [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Cash and short-term securities | 5,774 | 5,357 |
Public equities | 0 |  |
Mortgages | 50,207 | 49,376 |
Private placements | 40,756 | 37,979 |
Policy loans | 6,398 | 6,471 |
Loans to bank clients | 1,976 | 1,740 |
Total invested assets | 131,722 | 127,111 |
Fair value [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Cash and short-term securities | 26,167 | 20,300 |
Public equities | 23,722 | 22,851 |
Mortgages | 54,230 | 51,450 |
Private placements | 47,890 | 41,743 |
Policy loans | 6,398 | 6,471 |
Loans to bank clients | 1,982 | 1,742 |
Total invested assets | 424,164 | 386,496 |
Canadian government and agency [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 25,215 | 23,361 |
Canadian government and agency [Member] | FVTPL [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 20,667 | 18,582 |
Canadian government and agency [Member] | AFS [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 4,548 | 4,779 |
Canadian government and agency [Member] | Fair value [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 25,215 | 23,361 |
U.S. government and agency [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 31,236 | 28,252 |
U.S. government and agency [Member] | FVTPL [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 11,449 | 11,031 |
U.S. government and agency [Member] | AFS [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 19,787 | 17,221 |
U.S. government and agency [Member] | Fair value [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 31,236 | 28,252 |
Other government and agency [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 24,345 | 21,743 |
Other government and agency [Member] | FVTPL [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 19,732 | 17,383 |
Other government and agency [Member] | AFS [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 4,613 | 4,360 |
Other government and agency [Member] | Fair value [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 24,345 | 21,743 |
Corporate [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 134,863 | 121,329 |
Corporate [Member] | FVTPL [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 128,297 | 116,044 |
Corporate [Member] | AFS [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 6,566 | 5,285 |
Corporate [Member] | Fair value [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 134,863 | 121,329 |
Mortgage/asset-backed securities [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 3,065 | 3,437 |
Mortgage/asset-backed securities [Member] | FVTPL [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 2,916 | 3,267 |
Mortgage/asset-backed securities [Member] | AFS [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 149 | 170 |
Mortgage/asset-backed securities [Member] | Fair value [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 3,065 | 3,437 |
Real estate own use property [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Real estate | 1,850 |  |
Other invested assets |  | 1,926 |
Real estate own use property [Member] | Other invested assets [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Real estate | 1,850 |  |
Other invested assets |  | 1,926 |
Real estate own use property [Member] | Fair value [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Real estate | 3,017 |  |
Other invested assets |  | 3,275 |
Investment property [member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Real estate | 10,982 |  |
Other invested assets |  | 11,002 |
Investment property [member] | Other invested assets [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Real estate | 10,982 |  |
Other invested assets |  | 11,002 |
Investment property [member] | Fair value [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Real estate | 10,982 |  |
Other invested assets |  | 11,002 |
Alternative long-duration assets [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Other invested assets | 26,172 | 24,843 |
Alternative long-duration assets [Member] | FVTPL [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Other invested assets | 16,183 | 15,252 |
Alternative long-duration assets [Member] | AFS [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Other invested assets | 88 | 99 |
Alternative long-duration assets [Member] | Other invested assets [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Other invested assets | 9,901 | 9,492 |
Alternative long-duration assets [Member] | Fair value [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Other invested assets | 27,029 | 25,622 |
Various other [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Other invested assets | 4,023 | 3,917 |
Various other [Member] | FVTPL [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Other invested assets | 145 | 149 |
Various other [Member] | Other invested assets [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Other invested assets | 3,878 | 3,768 |
Various other [Member] | Fair value [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Other invested assets | $ 4,023 | $ 3,918 |

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