XML 70 R41.htm IDEA: XBRL DOCUMENT
v3.22.4

Risk Management (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Statement [LineItems] |
Summary of Gross Carrying Amount of Financial Instruments Subject to Credit Exposure | The following table presents the gross carrying amount of financial instruments subject to credit exposure, without considering any collateral held or other credit enhancements.
As at December 31, |  | 2022 |  |  | 2021 |
Debt securities |  |  |  |  |  |  |  |
FVTPL |  | $ | 170,273 |  |  | $ | 189,722 |
AFS |  |  | 32,220 |  |  |  | 33,097 |
Other |  |  | 1,411 |  |  |  | 1,320 |
Mortgages |  |  | 54,638 |  |  |  | 52,014 |
Private placements |  |  | 47,057 |  |  |  | 42,842 |
Policy loans |  |  | 6,894 |  |  |  | 6,397 |
Loans to Bank clients |  |  | 2,781 |  |  |  | 2,506 |
Derivative assets |  |  | 8,588 |  |  |  | 17,503 |
Accrued investment income |  |  | 2,813 |  |  |  | 2,641 |
Reinsurance assets |  |  | 47,712 |  |  |  | 44,579 |
Other financial assets |  |  | 6,077 |  |  |  | 6,242 |
Total |  | $ | 380,464 |  |  | $ | 398,863 |
Summary of Credit Quality and Carrying Value of Commercial Mortgages and Private Placements | The following table presents the credit quality of commercial mortgages and private placements.
As at December 31, 2022 |  | AAA |  |  | AA |  |  | A |  |  | BBB |  |  | BB |  |  | B and lower |  |  | Total |
Commercial mortgages |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retail |  | $ | 113 |  |  | $ | 1,526 |  |  | $ | 4,872 |  |  | $ | 2,055 |  |  | $ | 194 |  |  | $ | 2 |  |  | $ | 8,762 |
Office |  |  | 102 |  |  |  | 1,460 |  |  |  | 5,950 |  |  |  | 1,471 |  |  |  | 57 |  |  |  | 33 |  |  |  | 9,073 |
Multi-family residential |  |  | 500 |  |  |  | 2,213 |  |  |  | 3,751 |  |  |  | 892 |  |  |  | 11 |  |  |  | – |  |  |  | 7,367 |
Industrial |  |  | 72 |  |  |  | 929 |  |  |  | 3,312 |  |  |  | 407 |  |  |  | – |  |  |  | – |  |  |  | 4,720 |
Other |  |  | 180 |  |  |  | 990 |  |  |  | 798 |  |  |  | 764 |  |  |  | – |  |  |  | – |  |  |  | 2,732 |
Total commercial mortgages |  |  | 967 |  |  |  | 7,118 |  |  |  | 18,683 |  |  |  | 5,589 |  |  |  | 262 |  |  |  | 35 |  |  |  | 32,654 |
Agricultural mortgages |  |  | – |  |  |  | – |  |  |  | 119 |  |  |  | 240 |  |  |  | – |  |  |  | – |  |  |  | 359 |
Private placements |  |  | 904 |  |  |  | 6,991 |  |  |  | 16,534 |  |  |  | 17,176 |  |  |  | 1,105 |  |  |  | 4,347 |  |  |  | 47,057 |
Total |  | $ | 1,871 |  |  | $ | 14,109 |  |  | $ | 35,336 |  |  | $ | 23,005 |  |  | $ | 1,367 |  |  | $ | 4,382 |  |  | $ | 80,070 |
As at December 31, 2021 |  | AAA |  |  | AA |  |  | A |  |  | BBB |  |  | BB |  |  | B and lower |  |  | Total |
Commercial mortgages |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retail |  | $ | 113 |  |  | $ | 1,340 |  |  | $ | 5,179 |  |  | $ | 1,936 |  |  | $ | 228 |  |  | $ | 2 |  |  | $ | 8,798 |
Office |  |  | 56 |  |  |  | 1,256 |  |  |  | 6,004 |  |  |  | 1,291 |  |  |  | 87 |  |  |  | 40 |  |  |  | 8,734 |
Multi-family residential |  |  | 557 |  |  |  | 1,869 |  |  |  | 3,771 |  |  |  | 767 |  |  |  | 32 |  |  |  | – |  |  |  | 6,996 |
Industrial |  |  | 47 |  |  |  | 376 |  |  |  | 2,808 |  |  |  | 328 |  |  |  | – |  |  |  | – |  |  |  | 3,559 |
Other |  |  | 212 |  |  |  | 1,010 |  |  |  | 787 |  |  |  | 956 |  |  |  | 47 |  |  |  | – |  |  |  | 3,012 |
Total commercial mortgages |  |  | 985 |  |  |  | 5,851 |  |  |  | 18,549 |  |  |  | 5,278 |  |  |  | 394 |  |  |  | 42 |  |  |  | 31,099 |
Agricultural mortgages |  |  | – |  |  |  | – |  |  |  | 119 |  |  |  | 242 |  |  |  | – |  |  |  | – |  |  |  | 361 |
Private placements |  |  | 976 |  |  |  | 5,720 |  |  |  | 16,147 |  |  |  | 16,220 |  |  |  | 1,161 |  |  |  | 2,618 |  |  |  | 42,842 |
Total |  | $ | 1,961 |  |  | $ | 11,571 |  |  | $ | 34,815 |  |  | $ | 21,740 |  |  | $ | 1,555 |  |  | $ | 2,660 |  |  | $ | 74,302 |
Summary of Carrying Value of Past Due but Not Impaired and Impaired Financial Assets | The following table presents the carrying value of financial assets with some or all of their contractual payments past due but which are not impaired and impaired financial assets.
|  | Past due but not impaired |  |  |  |
As at December 31, 2022 |  | Less than 90 days |  |  | 90 days and greater |  |  | Total |  |  | Total impaired |
Debt securities (1),(2) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
FVTPL |  | $ | 2,059 |  |  | $ | 71 |  |  | $ | 2,130 |  |  | $ | 9 |
AFS |  |  | 922 |  |  |  | – |  |  |  | 922 |  |  |  | – |
Private placements (1) |  |  | 317 |  |  |  | 152 |  |  |  | 469 |  |  |  | 229 |
Mortgages and loans to Bank clients |  |  | 103 |  |  |  | – |  |  |  | 103 |  |  |  | 74 |
Other financial assets |  |  | 36 |  |  |  | 34 |  |  |  | 70 |  |  |  | 1 |
Total |  | $ | 3,437 |  |  | $ | 257 |  |  | $ | 3,694 |  |  | $ | 313 |
|  | Past due but not impaired |  |  |  |
As at December 31, 2021 |  | Less than 90 days |  |  | 90 days and greater |  |  | Total |  |  | Total impaired |
Debt securities (1),(2) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
FVTPL |  | $ | 20 |  |  | $ | – |  |  | $ | 20 |  |  | $ | 2 |
AFS |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |
Private placements (1) |  |  | 63 |  |  |  | – |  |  |  | 63 |  |  |  | 175 |
Mortgages and loans to Bank clients |  |  | 61 |  |  |  | – |  |  |  | 61 |  |  |  | 51 |
Other financial assets |  |  | 261 |  |  |  | 47 |  |  |  | 308 |  |  |  | – |
Total |  | $ | 405 |  |  | $ | 47 |  |  | $ | 452 |  |  | $ | 228 |
Summary of Company's Loans That are Considered Impaired | The following table presents gross carrying value and allowances for loan losses for impaired loans.
As at December 31, 2022 |  | Gross carrying value |  |  | Allowances for loan losses |  |  | Net carrying value |
Private placements |  | $ | 254 |  |  | $ | 25 |  |  | $ | 229 |
Mortgages and loans to Bank clients |  |  | 96 |  |  |  | 22 |  |  |  | 74 |
Total |  | $ | 350 |  |  | $ | 47 |  |  | $ | 303 |
As at December 31, 2021 |  | Gross carrying value |  |  | Allowances for loan losses |  |  | Net carrying value |
Private placements |  | $ | 197 |  |  | $ | 22 |  |  | $ | 175 |
Mortgages and loans to Bank clients |  |  | 73 |  |  |  | 22 |  |  |  | 51 |
Total |  | $ | 270 |  |  | $ | 44 |  |  | $ | 226 |
Summary of Reconciliation of Allowance for Loan Losses | The following table presents movement of allowance for loan losses during the year.
|  | 2022 |  |  |  |  |  | 2021 |
For the years ended December 31, |  | Private placements |  |  | Mortgages and loans to Bank clients |  |  | Total |  |  |  |  |  | Private placements |  |  | Mortgages and loans to Bank clients |  |  | Total |
Balance, January 1 |  | $ | 22 |  |  | $ | 22 |  |  | $ | 44 |  |  |  |  |  |  | $ | 79 |  |  | $ | 28 |  |  | $ | 107 |
Provisions |  |  | 22 |  |  |  | 4 |  |  |  | 26 |  |  |  |  |  |  |  | 14 |  |  |  | 12 |  |  |  | 26 |
Recoveries |  |  | (18 | ) |  |  | (2 | ) |  |  | (20 | ) |  |  |  |  |  |  | (58 | ) |  |  | (16 | ) |  |  | (74 | )
Write-offs (1) |  |  | (1 | ) |  |  | (2 | ) |  |  | (3 | ) |  |  |  |  |  |  | (13 | ) |  |  | (2 | ) |  |  | (15 | )
Balance, December 31 |  | $ | 25 |  |  | $ | 22 |  |  | $ | 47 |  |  |  |  |  |  | $ | 22 |  |  | $ | 22 |  |  | $ | 44 |
(1) | Includes disposals and impact of changes in foreign exchange rates.
Summary of Credit Default Swap Protection Sold | The following table presents details of the credit default swap protection sold by type of contract and external agency rating for the underlying reference security.
As at December 31, 2022 |  | Notional amount (1) |  |  | Fair value |  |  | Weighted average maturity (in years) (2) |
Single name CDS (3) – Corporate debt |  |  |  |  |  |  |  |  |  |  |  |
A |  | $ | 133 |  |  | $ | 4 |  |  |  | 4 |
BBB |  |  | 26 |  |  |  | – |  |  |  | 1 |
Total single name CDS |  | $ | 159 |  |  | $ | 4 |  |  |  | 4 |
Total CDS protection sold |  | $ | 159 |  |  | $ | 4 |  |  |  | 4 |
As at December 31, 2021 |  | Notional amount (1) |  |  | Fair value |  |  | Weighted average maturity (in years) (2) |
Single name CDS (3) – Corporate debt |  |  |  |  |  |  |  |  |  |  |  |
A |  | $ | 16 |  |  | $ | – |  |  |  | 1 |
BBB |  |  | 28 |  |  |  | 1 |  |  |  | 2 |
Total single name CDS |  | $ | 44 |  |  | $ | 1 |  |  |  | 2 |
Total CDS protection sold |  | $ | 44 |  |  | $ | 1 |  |  |  | 2 |
(1) | Notional amounts represent the maximum future payments the Company would have to pay its CDS counterparties assuming a default of the underlying credit and zero recovery on the underlying issuer obligations.
(2) | The weighted average maturity of the CDS is weighted based on notional amounts.
(3) | Ratings are based on S&P where available followed by Moody’s, DBRS, and Fitch. If no rating is available from a rating agency, an internally developed rating is used.
Summary of Effect of Conditional Master Netting and Similar Arrangements | The following table presents the effect of conditional master netting and similar arrangements. Similar arrangements may include global master repurchase agreements, global master securities lending agreements, and any related rights to financial collateral pledged or received.
|  |  |  |  | Related amounts not set off in the Consolidated Statements of Financial Position |  |  |  |  |  |  |
As at December 31, 2022 |  | Gross amounts of financial instruments (1) |  |  | Amounts subject to an enforceable master netting arrangement or similar agreements |  |  | Financial and cash collateral pledged (received) (2) |  |  | Net amount including financing entity (3) |  |  | Net amounts excluding financing entity |
Financial assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative assets |  | $ | 9,072 |  |  | $ | (7,170 | ) |  | $ | (1,687 | ) |  | $ | 215 |  |  | $ | 215 |
Securities lending |  |  | 723 |  |  |  | – |  |  |  | (723 | ) |  |  | – |  |  |  | – |
Reverse repurchase agreements |  |  | 895 |  |  |  | (779 | ) |  |  | (116 | ) |  |  | – |  |  |  | – |
Total financial assets |  | $ | 10,690 |  |  | $ | (7,949 | ) |  | $ | (2,526 | ) |  | $ | 215 |  |  | $ | 215 |
Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative liabilities |  | $ | (15,151 | ) |  | $ | 7,170 |  |  | $ | 7,834 |  |  | $ | (147 | ) |  | $ | (103 | )
Repurchase agreements |  |  | (895 | ) |  |  | 779 |  |  |  | 116 |  |  |  | – |  |  |  | – |
Total financial liabilities |  | $ | (16,046 | ) |  | $ | 7,949 |  |  | $ | 7,950 |  |  | $ | (147 | ) |  | $ | (103 | )
|  |  |  |  | Related amounts not set off in the Consolidated Statements of Financial Position |  |  |  |  |  |  |
As at December 31, 2021 |  | Gross amounts of financial instruments (1) |  |  | Amounts subject to an enforceable master netting arrangement or similar agreements |  |  | Financial and cash collateral pledged (received) (2) |  |  | Net amount including financing entity (3) |  |  | Net amounts excluding financing entity |
Financial assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative assets |  | $ | 18,226 |  |  | $ | (8,410 | ) |  | $ | (9,522 | ) |  | $ | 294 |  |  | $ | 294 |
Securities lending |  |  | 564 |  |  |  | – |  |  |  | (564 | ) |  |  | – |  |  |  | – |
Reverse repurchase agreements |  |  | 1,490 |  |  |  | (183 | ) |  |  | (1,307 | ) |  |  | – |  |  |  | – |
Total financial assets |  | $ | 20,280 |  |  | $ | (8,593 | ) |  | $ | (11,393 | ) |  | $ | 294 |  |  | $ | 294 |
Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative liabilities |  | $ | (10,940 | ) |  | $ | 8,410 |  |  | $ | 2,250 |  |  | $ | (280 | ) |  | $ | (79 | )
Repurchase agreements |  |  | (536 | ) |  |  | 183 |  |  |  | 353 |  |  |  | – |  |  |  | – |
Total financial liabilities |  | $ | (11,476 | ) |  | $ | 8,593 |  |  | $ | 2,603 |  |  | $ | (280 | ) |  | $ | (79 | )
(1) | Financial assets and liabilities include accrued interest of $488 and $862, respectively (2021 – $725 and $902, respectively).
(2) | Financial and cash collateral exclude over-collateralization. As at December 31, 2022, the Company was over-collateralized on OTC derivative assets, OTC derivative liabilities, securities lending and reverse repurchase agreements and repurchase agreements in the amounts of $507, $1,528, $63 and $nil, respectively (2021 – $599, $875, $36 and $2, respectively). As at December 31, 2022, collateral pledged (received) does not include collateral-in-transit on OTC instruments or initial margin on exchange traded contracts or cleared contracts.
(3) | Includes derivative contracts entered between the Company and its financing entity which it does not consolidate. The Company does not exchange collateral on derivative contracts entered with this entity. Refer to note 18.
Summary of the Effect of Unconditional Netting | The following table presents the effect of unconditional netting.
As at December 31, 2022 |  | Gross amounts of financial instruments |  |  | Amounts subject to an enforceable netting arrangement |  |  | Net amounts of financial instruments |
Credit linked note (1) |  | $ | 1,242 |  |  | $ | (1,242 | ) |  | $ | – |
Variable surplus note |  |  | (1,242 | ) |  |  | 1,242 |  |  |  | – |
As at December 31, 2021 |  | Gross amounts of financial instruments |  |  | Amounts subject to an enforceable netting arrangement |  |  | Net amounts of financial instruments |
Credit linked note (1) |  | $ | 1,054 |  |  |  | $ (1,054 | ) |  | $ | – |
Variable surplus note |  |  | (1,054 | ) |  |  | 1,054 |  |  |  | – |
(1) | As at December 31, 2022 and 2021, the Company had no fixed surplus notes outstanding, refer to note 19(g).
Schedule of Distribution of Debt Securities and Private Placements Portfolio by Sector and Industry | The following table presents debt securities and private placements portfolio by sector and industry.
|  | 2022 |  |  |  |  |  | 2021 |
As at December 31, |  | Carrying value |  |  | % of total |  |  |  |  |  | Carrying value |  |  | % of total |
Government and agency |  | $ | 77,236 |  |  |  | 31 |  |  |  |  |  |  | $ | 84,244 |  |  |  | 32 |
Utilities |  |  | 46,315 |  |  |  | 18 |  |  |  |  |  |  |  | 48,372 |  |  |  | 18 |
Financial |  |  | 38,808 |  |  |  | 15 |  |  |  |  |  |  |  | 38,905 |  |  |  | 15 |
Consumer |  |  | 31,556 |  |  |  | 13 |  |  |  |  |  |  |  | 32,671 |  |  |  | 12 |
Energy |  |  | 16,314 |  |  |  | 7 |  |  |  |  |  |  |  | 19,637 |  |  |  | 7 |
Industrial |  |  | 23,823 |  |  |  | 9 |  |  |  |  |  |  |  | 24,727 |  |  |  | 9 |
Other |  |  | 16,909 |  |  |  | 7 |  |  |  |  |  |  |  | 18,425 |  |  |  | 7 |
Total |  | $ | 250,961 |  |  |  | 100 |  |  |  |  |  |  | $ | 266,981 |  |  |  | 100 |
Schedule of Geographic Concentration of Insurance and Investment Contract Liabilities, Including Embedded Derivatives | The geographic concentration of the Company’s insurance and investment contract liabilities, including embedded derivatives, is shown below. The disclosure is based on the countries in which the business is written.
As at December 31, 2022 |  | Gross liabilities |  |  | Reinsurance assets |  |  | Net liabilities |
U.S. and Canada |  | $ | 251,305 |  |  | $ | (45,898 | ) |  | $ | 205,407 |
Asia and Other |  |  | 123,808 |  |  |  | (1,814 | ) |  |  | 121,994 |
Total |  | $ | 375,113 |  |  | $ | (47,712 | ) |  | $ | 327,401 |
As at December 31, 2021 |  | Gross liabilities |  |  | Reinsurance assets |  |  | Net liabilities |
U.S. and Canada |  | $ | 271,090 |  |  | $ | (42,806 | ) |  | $ | 228,284 |
Asia and Other |  |  | 124,398 |  |  |  | (1,773 | ) |  |  | 122,625 |
Total |  | $ | 395,488 |  |  | $ | (44,579 | ) |  | $ | 350,909 |
Asset classes and individual investment risks [Member] |
Statement [LineItems] |
Schedule of Risk Concentrations |
As at December 31, |  | 2022 |  |  | 2021 |
Debt securities and private placements rated as investment grade BBB or higher (1) |  |  | 96% |  |  |  | 97% |
Government debt securities as a per cent of total debt securities |  |  | 36% |  |  |  | 36% |
Government private placements as a per cent of total private placements |  |  | 10% |  |  |  | 11% |
Highest exposure to a single non-government debt security and private placement issuer |  | $ | 1,006 |  |  | $ | 1,167 |
Largest single issuer as a per cent of the total equity portfolio |  |  | 2% |  |  |  | 2% |
Income producing commercial office properties (2022 – 41% of real estate, 2021 – 47%) |  | $ | 5,486 |  |  | $ | 6,244 |
Largest concentration of mortgages and real estate (2) – Ontario Canada (2022 – 27%, 2021 – 28%) |  | $ | 18,343 |  |  | $ | 18,253 |
(1) | Investment grade debt securities and private placements include 39% rated A, 17% rated AA and 14% rated AAA (2021 – 39%, 17% and 15%) investments based on external ratings where available.
(2) | Mortgages and real estate investments are diversified geographically and by property type.
Residential mortgages and loans to bank clients [Member] |
Statement [LineItems] |
Summary of Carrying Value of Residential Mortgages and Loans to Bank Clients | The following table presents credit quality of residential mortgages and loans to Bank clients.
|  | 2022 |  |  |  |  |  | 2021 |
As at December 31, |  | Insured |  |  | Uninsured |  |  | Total |  |  |  |  |  | Insured |  |  | Uninsured |  |  | Total |
Residential mortgages |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | 7,015 |  |  | $ | 14,569 |  |  | $ | 21,584 |  |  |  |  |  |  | $ | 7,264 |  |  | $ | 13,272 |  |  | $ | 20,536 |
Non-performing (1) |  |  | 8 |  |  |  | 33 |  |  |  | 41 |  |  |  |  |  |  |  | 6 |  |  |  | 12 |  |  |  | 18 |
Loans to Bank clients |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  |  | n/a |  |  |  | 2,778 |  |  |  | 2,778 |  |  |  |  |  |  |  | n/a |  |  |  | 2,506 |  |  |  | 2,506 |
Non-performing (1) |  |  | n/a |  |  |  | 3 |  |  |  | 3 |  |  |  |  |  |  |  | n/a |  |  |  | – |  |  |  | – |
Total |  | $ | 7,023 |  |  | $ | 17,383 |  |  | $ | 24,406 |  |  |  |  |  |  | $ | 7,270 |  |  | $ | 15,790 |  |  | $ | 23,060 |
(1) | Non-performing refers to payments that are 90 days or more past due.

X
- Definition Analysis of financial assets that are individually determined to be impaired, including the factors that the entity considered when determining that they are impaired. [Refer: Financial assets] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Note Expiry date 2023-01-01 -Name IFRS -Number 7 -IssueDate 2022-03-24 -Paragraph 37 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2017-en-b&anchor=para_37_b&doctype=Standard&book=b -URIDate 2022-03-24 + Details
Name: | ifrs-full_AnalysisOfFinancialAssetsThatAreIndividuallyDeterminedToBeImpaired
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of the credit risk exposure. Credit risk exposure is the credit risk inherent in an entity’s financial assets and commitments to extend credit. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2022-03-24 -Paragraph 35M -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2022-en-r&anchor=para_35M&doctype=Standard -URIDate 2022-03-24 + Details
Name: | ifrs-full_DisclosureOfCreditRiskExposureExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of financial assets that are either past due or impaired. [Refer: Financial assets] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Note Expiry date 2023-01-01 -Name IFRS -Number 7 -IssueDate 2022-03-24 -Paragraph 37 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2017-en-b&anchor=para_37&doctype=Standard&book=b -URIDate 2022-03-24 + Details
Name: | ifrs-full_DisclosureOfFinancialAssetsThatAreEitherPastDueOrImpairedExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of information about credit exposures designated as measured at fair value through profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2022-03-24 -Paragraph 24G -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2022-en-r&anchor=para_24G&doctype=Standard -URIDate 2022-03-24 + Details
Name: | ifrs-full_DisclosureOfInformationAboutCreditExposuresDesignatedAsMeasuredAtFairValueThroughProfitOrLossExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of information that enables users of financial statements to evaluate the nature and extent of risks arising from financial instruments to which the entity is exposed. [Refer: Financial instruments, class [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2022-03-24 -Paragraph 31 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2022-en-r&anchor=para_31&doctype=Standard -URIDate 2022-03-24 + Details
Name: | ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of the net and gross amounts and the reinsurer's share for amounts arising from insurance contracts. [Refer: Types of insurance contracts [member]] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Note Expiry date 2023-01-01 -Name IFRS -Number 4 -IssueDate 2022-03-24 -Section Disclosure -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=4&code=ifrs-tx-2022-en-b&doctype=Standard&book=b&dita_xref=IFRS04_g36-39M__IFRS04_g36-39M_TI -URIDate 2022-03-24 + Details
Name: | ifrs-full_DisclosureOfNetGrossAndReinsurersShareForAmountsArisingFromInsuranceContractsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of the offsetting of financial assets and financial liabilities. [Refer: Financial assets; Financial liabilities] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2022-03-24 -Section Offsetting financial assets and financial liabilities -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2022-en-r&doctype=Standard&dita_xref=IFRS07_g13A-13F__IFRS07_g13A-13F_TI -URIDate 2022-03-24 + Details
Name: | ifrs-full_DisclosureOfOffsettingOfFinancialAssetsAndFinancialLiabilitiesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of the offsetting of financial liabilities. [Refer: Financial liabilities] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2022-03-24 -Paragraph 13C -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2022-en-r&anchor=para_13C&doctype=Standard -URIDate 2022-03-24 + Details
Name: | ifrs-full_DisclosureOfOffsettingOfFinancialLiabilitiesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of debt securities and private placements portfolio by sector and industry. + References No definition available. + Details
Name: | mfc_DisclosureOfDebtSecuritiesAndPrivatePlacementsPortfolioBySectorAndIndustryExplanatory
Namespace Prefix: | mfc_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of reconciliation of changes in allowance account for credit losses of financial assets. + References No definition available. + Details
Name: | mfc_DisclosureOfReconciliationOfChangesInAllowanceAccountForCreditLossesOfFinancialAssetsExplanatory
Namespace Prefix: | mfc_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of residential mortgages and loan to bank clients. + References No definition available. + Details
Name: | mfc_DisclosureOfResidentialMortgagesAndLoanToBankClientsExplanatory
Namespace Prefix: | mfc_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Summary of credit quality and carrying value of commercial mortgages and private placements. + References No definition available. + Details
Name: | mfc_SummaryOfCreditQualityAndCarryingValueOfCommercialMortgageAndPrivatePlacementTextBlock
Namespace Prefix: | mfc_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | ifrs-full_TypesOfRisksAxis=mfc_AssetClassesAndIndividualInvestmentRisksMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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