XML 103 R74.htm IDEA: XBRL DOCUMENT
v3.22.4

Invested Assets and Investment Income - Summary of Invested Assets and Segregated Funds Net Assets, Measured at Fair Value (Detail) - CAD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020
--- | --- | --- | ---
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | $ 203,904 | $ 224,139 |
Public equities | 23,519 | 28,067 |
Real estate - investment property | 13,272 | 13,233 |
Other invested assets | 42,783 | 35,306 |
Segregated funds net assets | 348,562 | 399,788 |
Total assets | 848,941 | 917,643 |
FVTPL [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Cash and short-term securities | 1,933 | 2,214 |
Debt securities | 120,897 | 133,763 |
Public equities | 21,989 | 25,716 |
AFS [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Cash and short-term securities | 10,926 | 14,339 |
Debt securities | 7,745 | 7,332 |
Public equities | 1,530 | 2,351 |
Other cash and short-term securities [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Cash and short-term securities | 6,294 | 6,041 |
Real estate [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Real estate - investment property | 11,394 | 11,421 |
Other invested assets [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Other invested assets | 30,256 | 24,300 |
Canadian government and agency [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 21,266 | 22,670 |
Canadian government and agency [Member] | FVTPL [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 14,798 | 18,706 |
Canadian government and agency [Member] | AFS [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 6,468 | 3,964 |
U.S. government and agency [Member] | FVTPL [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 9,440 | 12,607 |
U.S. government and agency [Member] | AFS [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 14,384 | 18,792 |
Other government and agency [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 26,473 | 24,759 |
Other government and agency [Member] | FVTPL [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 22,986 | 21,888 |
Other government and agency [Member] | AFS [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 3,487 | 2,871 |
Residential mortgage asset-backed securities [Member] | FVTPL [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 7 | 8 |
Residential mortgage asset-backed securities [Member] | AFS [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 1 | 1 |
Commercial mortgage asset-backed securities [Member] | FVTPL [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 570 | 1,103 |
Commercial mortgage asset-backed securities [Member] | AFS [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 24 | 79 |
Other securitized assets [Member] | FVTPL [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 1,575 | 1,647 |
Other securitized assets [Member] | AFS [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 111 | 58 |
Financial assets at fair value, class [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Total assets | 635,377 | 708,989 |
Level 1 [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Segregated funds net assets | 314,436 | 361,447 |
Level 1 [Member] | FVTPL [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Public equities | 21,918 | 25,716 |
Level 1 [Member] | AFS [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Public equities | 1,530 | 2,349 |
Level 1 [Member] | Other cash and short-term securities [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Cash and short-term securities | 6,294 | 6,041 |
Level 1 [Member] | Other invested assets [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Other invested assets | 26 | 257 |
Level 1 [Member] | Financial assets at fair value, class [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Total assets | 344,204 | 395,810 |
Level 2 [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Segregated funds net assets | 30,141 | 34,060 |
Level 2 [Member] | FVTPL [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Cash and short-term securities | 1,933 | 2,214 |
Debt securities | 120,865 | 133,723 |
Level 2 [Member] | AFS [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Cash and short-term securities | 10,926 | 14,339 |
Debt securities | 7,745 | 7,331 |
Public equities |  | 2 |
Level 2 [Member] | Canadian government and agency [Member] | FVTPL [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 14,798 | 18,706 |
Level 2 [Member] | Canadian government and agency [Member] | AFS [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 6,468 | 3,964 |
Level 2 [Member] | U.S. government and agency [Member] | FVTPL [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 9,440 | 12,607 |
Level 2 [Member] | U.S. government and agency [Member] | AFS [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 14,384 | 18,792 |
Level 2 [Member] | Other government and agency [Member] | FVTPL [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 22,986 | 21,888 |
Level 2 [Member] | Other government and agency [Member] | AFS [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 3,478 | 2,871 |
Level 2 [Member] | Residential mortgage asset-backed securities [Member] | FVTPL [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 7 | 8 |
Level 2 [Member] | Residential mortgage asset-backed securities [Member] | AFS [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 1 | 1 |
Level 2 [Member] | Commercial mortgage asset-backed securities [Member] | FVTPL [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 570 | 1,103 |
Level 2 [Member] | Commercial mortgage asset-backed securities [Member] | AFS [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 24 | 79 |
Level 2 [Member] | Other securitized assets [Member] | FVTPL [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 1,549 | 1,619 |
Level 2 [Member] | Other securitized assets [Member] | AFS [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 111 | 58 |
Level 2 [Member] | Financial assets at fair value, class [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Total assets | 245,426 | 273,365 |
Level 3 [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Segregated funds net assets | 3,985 | 4,281 |
Total assets | 42,575 | 41,915 | $ 38,234
Level 3 [Member] | FVTPL [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 32 | 40 |
Public equities | 71 |  |
Level 3 [Member] | AFS [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities |  | 1 |
Level 3 [Member] | Real estate [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Real estate - investment property | 11,394 | 11,421 |
Total assets | 41,762 | 35,533 | 30,589
Level 3 [Member] | Other invested assets [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Other invested assets | 30,230 | 24,043 |
Level 3 [Member] | Other invested assets [Member] | Real estate [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Total assets | 30,230 | 24,043 | $ 19,049
Level 3 [Member] | Other government and agency [Member] | AFS [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 9 |  |
Level 3 [Member] | Other securitized assets [Member] | FVTPL [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 26 | 28 |
Level 3 [Member] | Financial assets at fair value, class [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Total assets | $ 45,747 | $ 39,814 |

X
- Definition The amount of a present economic resource controlled by the entity as a result of past events. Economic resource is a right that has the potential to produce economic benefits. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 13 -IssueDate 2022-03-24 -Paragraph 93 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=13&code=ifrs-tx-2022-en-r&anchor=para_93_a&doctype=Standard -URIDate 2022-03-24 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 8 -IssueDate 2022-03-24 -Paragraph 28 -Subparagraph c -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=8&code=ifrs-tx-2022-en-r&anchor=para_28_c&doctype=Standard -URIDate 2022-03-24 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 13 -IssueDate 2022-03-24 -Paragraph 93 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=13&code=ifrs-tx-2022-en-r&anchor=para_93_b&doctype=Standard -URIDate 2022-03-24 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 13 -IssueDate 2022-03-24 -Paragraph 93 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=13&code=ifrs-tx-2022-en-r&anchor=para_93_e&doctype=Standard -URIDate 2022-03-24 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 8 -IssueDate 2022-03-24 -Paragraph 23 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=8&code=ifrs-tx-2022-en-r&anchor=para_23&doctype=Standard -URIDate 2022-03-24 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 55 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_55&doctype=Standard -URIDate 2022-03-24 + Details
Name: | ifrs-full_Assets
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The amount of instruments representing indebtedness held by the entity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 55 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_55&doctype=Standard -URIDate 2022-03-24 + Details
Name: | ifrs-full_DebtInstrumentsHeld
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table. + References No definition available. + Details
Name: | ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The amount of instruments held by the entity that provide evidence of a residual interest in the assets of another entity after deducting all of its liabilities. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 55 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_55&doctype=Standard -URIDate 2022-03-24 + Details
Name: | ifrs-full_EquityInstrumentsHeld
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The amount of property (land or a building - or part of a building - or both) held (by the owner or by the lessee as a right-of-use asset) to earn rentals or for capital appreciation or both, rather than for: (a) use in the production or supply of goods or services or for administrative purposes; or (b) sale in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 40 -IssueDate 2022-03-24 -Paragraph 76 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=40&code=ifrs-tx-2022-en-r&anchor=para_76&doctype=Standard -URIDate 2022-03-24 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 40 -IssueDate 2022-03-24 -Paragraph 79 -Subparagraph d -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=40&code=ifrs-tx-2022-en-r&anchor=para_79_d&doctype=Standard -URIDate 2022-03-24 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 54 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_54_b&doctype=Standard -URIDate 2022-03-24 + Details
Name: | ifrs-full_InvestmentProperty
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition A classification of cash equivalents representing short-term investments. [Refer: Cash equivalents] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 7 -IssueDate 2022-03-24 -Paragraph 45 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2022-en-r&anchor=para_45&doctype=Standard -URIDate 2022-03-24 + Details
Name: | ifrs-full_ShorttermInvestmentsClassifiedAsCashEquivalents
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Other invested assets. + References No definition available. + Details
Name: | mfc_OtherInvestedAssets
Namespace Prefix: | mfc_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Segregated funds net assets. + References No definition available. + Details
Name: | mfc_SegregatedFundsNetAssetsHeldByPolicyholders
Namespace Prefix: | mfc_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Details
Name: | ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAvailableforsaleCategoryMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_CategoriesOfFinancialAssetsAxis=mfc_OtherCashAndShorttermSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_CategoriesOfFinancialAssetsAxis=mfc_RealEstate1Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_OtherInvestedAssetsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfAssetsAxis=mfc_CanadianGovernmentAndAgencyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfAssetsAxis=mfc_USGovernmentAndAgencyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfAssetsAxis=mfc_OtherGovernmentAndAgencyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfAssetsAxis=mfc_ResidentialMortgageAssetbackedSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfAssetsAxis=mfc_CommercialMortgageAssetbackedSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfAssetsAxis=mfc_OtherSecuritizedAssetsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level1OfFairValueHierarchyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |