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Segmented Information (Tables)
 12 Months Ended
Dec. 31, 2021
Text block [abstract]  
Summary of Results by Segments
The following table presents results by reporting segments. 
 
As at and for the year ended December 31, 2021
 
Asia
 
 
Canada
 
 
U.S.
 
 
Global WAM
 
 
Corporate
and Other
 
 
Total
 
Revenue
 
      
 
      
 
      
 
      
 
      
 
      
Life and health insurance
  
$
20,428
 
  
$
9,217
 
  
$
6,338
 
  
$
–
 
  
$
147
 
  
$
36,130
 
Annuities and pensions
  
 
2,558
 
  
 
344
 
  
 
33
 
  
 
–
 
  
 
–
 
  
 
2,935
 
Net premium income
  
 
22,986
 
  
 
9,561
 
  
 
6,371
 
  
 
–
 
  
 
147
 
  
 
39,065
 
Net investment income (loss)
  
 
4,889
 
  
 
1,469
 
  
 
5,061
 
  
 
28
 
  
 
177
 
  
 
11,624
 
Other revenue
  
 
1,696
 
  
 
1,336
 
  
 
1,824
 
  
 
6,513
 
  
 
(237
) 
  
 
11,132
 
Total revenue
  
 
29,571
 
  
 
12,366
 
  
 
13,256
 
  
 
6,541
 
  
 
87
 
  
 
61,821
 
Contract benefits and expenses
                                                
Life and health insurance
  
 
18,240
 
  
 
10,276
 
  
 
9,307
 
  
 
–
 
  
 
159
 
  
 
37,982
 
Annuities and pensions
  
 
2,638
 
  
 
(3,371
) 
  
 
(1,528
) 
  
 
101
 
  
 
–
 
  
 
(2,160
) 
Net benefits and claims
  
 
20,878
 
  
 
6,905
 
  
 
7,779
 
  
 
101
 
  
 
159
 
  
 
35,822
 
Interest expense
  
 
232
 
  
 
269
 
  
 
47
 
  
 
1
 
  
 
462
 
  
 
1,011
 
Other expenses
  
 
5,273
 
  
 
3,401
 
  
 
2,947
 
  
 
4,798
 
  
 
444
 
  
 
16,863
 
Total contract benefits and expenses
  
 
26,383
 
  
 
10,575
 
  
 
10,773
 
  
 
4,900
 
  
 
1,065
 
  
 
53,696
 
Income (loss) before income taxes
  
 
3,188
 
  
 
1,791
 
  
 
2,483
 
  
 
1,641
 
  
 
(978
) 
  
 
8,125
 
Income tax recovery (expense)
  
 
(445
) 
  
 
(336
)  
  
 
(385
) 
  
 
(233
) 
  
 
186
 
  
 
(1,213
) 
Net income (loss)
  
 
2,743
 
  
 
1,455
 
  
 
2,098
 
  
 
1,408
 
  
 
(792
) 
  
 
6,912
 
Less net income (loss) attributed to:
                                                
Non-controlling
interests
  
 
253
 
  
 
–
 
  
 
–
 
  
 
2
 
  
 
–
 
  
 
255
 
Participating policyholders
  
 
(567
) 
  
 
101
 
  
 
18
 
  
 
–
 
  
 
–
 
  
 
(448
) 
Net income (loss) attributed to shareholders and other equity holders
  
$
3,057
 
  
$
1,354
 
  
$
2,080
 
  
$
1,406
 
  
$
(792
) 
  
$
7,105
 
Total assets
  
$
162,970
 
  
$
169,736
 
  
$
290,838
 
  
$
259,363
 
  
$
34,736
 
  
$
917,643
 
 
As at and for the year ended December 31, 2020
   Asia     Canada     U.S.     Global WAM     Corporate
and Other		     Total  
Revenue
                                                
Life and health insurance
   $ 17,983     $ 8,833     $ 3,011     $ –     $ 140     $ 29,967  
Annuities and pensions
(1)
     2,496       334       120       –       –       2,950  
Net premium income
     20,479       9,167       3,131       –       140       32,917  
Net investment income (loss)
     6,630       8,458       17,519       39       2,754       35,400  
Other revenue
     1,346       1,013       2,711       5,710       (189 )      10,591  
Total revenue
     28,455       18,638       23,361       5,749       2,705       78,908  
Contract benefits and expenses
                                                
Life and health insurance
     17,997       10,385       16,099       –       (131 )      44,350  
Annuities and pensions
     3,430       4,380       2,929       146       –       10,885  
Net benefits and claims
     21,427       14,765       19,028       146       (131 )      55,235  
Interest expense
     269       342       54       2       514       1,181  
Other expenses
     5,123       3,141       2,714       4,329       414       15,721  
Total contract benefits and expenses
     26,819       18,248       21,796       4,477       797       72,137  
Income (loss) before income taxes
     1,636       390       1,565       1,272       1,908       6,771  
Income tax recovery (expense)
     (233 )      (131 )      (296 )      (172 )      (363 )      (1,195 ) 
Net income (loss)
     1,403       259       1,269       1,100       1,545       5,576  
Less net income (loss) attributed to:
                                                
Non-controlling
interests
     250       –       –       –       –       250  
Participating policyholders
     (609 )      64       –       –       –       (545 ) 
Net income (loss) attributed to shareholders
   $ 1,762     $ 195     $ 1,269     $ 1,100     $ 1,545     $ 5,871  
Total assets
   $   145,801     $   167,236     $   288,814     $   236,593     $   41,905     $   880,349  
Summary of Results by Geographic Location
The following table presents results by geographical location.
 
For the year ended December 31, 2021
   Asia     Canada     U.S.     Other     Total  
Revenue
                                        
Life and health insurance
  
$
20,515
 
  
$
8,905
 
  
$
6,340
 
  
$
370
 
  
$
36,130
 
Annuities and pensions
  
 
2,558
 
  
 
344
 
  
 
33
 
  
 
–
 
  
 
2,935
 
Net premium income
  
 
23,073
 
  
 
9,249
 
  
 
6,373
 
  
 
370
 
  
 
39,065
 
Net investment income (loss)
  
 
5,313
 
  
 
1,255
 
  
 
4,830
 
  
 
226
 
  
 
11,624
 
Other revenue
  
 
2,818
 
  
 
3,363
 
  
 
4,952
 
  
 
(1
) 
  
 
11,132
 
Total revenue
  
$
31,204
 
  
$
13,867
 
  
$
16,155
 
  
$
595
 
  
$
61,821
 
           
For the year ended December 31, 2020   Asia     Canada     U.S.     Other     Total  
Revenue
                                        
Life and health insurance
   $ 18,072     $ 8,474     $ 3,012     $ 409     $ 29,967  
Annuities and pensions
(1)
     2,496       334       120       –       2,950  
Net premium income
     20,568       8,808       3,132       409       32,917  
Net investment income (loss)
     7,085       8,531       19,735       49       35,400  
Other revenue
     2,300       2,671       5,600       20       10,591  
Total revenue
   $   29,953     $   20,010     $   28,467     $   478     $   78,908