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Consolidated Statements of Financial Position - CAD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Assets    
Cash and short-term securities $ 22,594 $ 26,167
Debt securities 224,139 218,724
Public equities 28,067 23,722
Mortgages 52,014 50,207
Private placements 42,842 40,756
Policy loans 6,397 6,398
Loans to bank clients 2,506 1,976
Real estate 13,233 12,832
Other invested assets 35,306 30,195
Total invested assets (note 3) 427,098 410,977
Other assets    
Accrued investment income 2,641 2,523
Outstanding premiums 1,294 1,444
Derivatives (note 4) 17,503 27,793
Reinsurance assets (notes 6 and 7) 44,579 45,836
Deferred tax assets (note 16) 5,254 4,842
Goodwill and intangible assets (note 5) 9,915 9,929
Miscellaneous 9,571 9,569
Total other assets 90,757 101,936
Segregated funds net assets (note 22) 399,788 367,436
Total assets 917,643 880,349
Liabilities    
Insurance contract liabilities (note 6) 392,275 385,554
Investment contract liabilities (note 7) 3,117 3,288
Deposits from bank clients 20,720 20,889
Derivatives (note 4) 10,038 14,962
Deferred tax liabilities (note 16) 2,769 2,614
Other liabilities 18,205 18,607
Financial liabilities 447,124 445,914
Long-term debt (note 9) 4,882 6,164
Capital instruments (note 10) 6,980 7,829
Segregated funds net liabilities (note 22) 399,788 367,436
Total liabilities 858,774 827,343
Equity    
Contributed surplus 262 261
Shareholders' and other equity holders' retained earnings 23,492 18,887
Shareholders' accumulated other comprehensive income (loss):    
Pension and other post-employment plans (114) (313)
Available-for-sale securities 848 1,838
Cash flow hedges (156) (229)
Real estate revaluation reserve 23 34
Translation of foreign operations 4,579 4,993
Total shareholders' and other equity 58,408 52,335
Participating policyholders' equity (1,233) (784)
Non-controlling interests 1,694 1,455
Total equity 58,869 53,006
Total liabilities and equity 917,643 880,349
Preferred shares and other equity [Member]    
Equity    
Issued shares (note 11) 6,381 3,822
Shareholders' accumulated other comprehensive income (loss):    
Total equity 6,381 3,822
Common shares [Member]    
Equity    
Issued shares (note 11) 23,093 23,042
Shareholders' accumulated other comprehensive income (loss):    
Total equity $ 23,093 $ 23,042