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Consolidated Statements of Changes in Equity - CAD ($) $ in Millions | Total | Preferred shares and other equity [Member] | Common shares [Member] | Shareholders and other equity holders retained earnings [Member] | Contributed Surplus [Member] | Shareholders' accumulated other comprehensive income (loss) ("AOCI") [Member] | Participating Policyholders' Equity [Member] | Non-controlling Interests [Member]
--- | --- | --- | --- | --- | --- | --- | --- | ---
Balance, beginning of year at Dec. 31, 2020 |  | $ 3,822 | $ 23,042 | $ 18,887 | $ 261 | $ 6,323 | $ (784) | $ 1,455
Issued (note 12) |  | 3,200 |  |  |  |  |  |
Redeemed (note 12) |  | (612) |  |  |  |  |  |
Issuance costs, net of tax |  | (29) |  |  |  |  |  |
Exercise of stock options and deferred share units |  |  | 51 |  | (8) |  |  |
Stock option expense |  |  |  |  | 9 |  |  |
Net income attributed to shareholders and other equity holders |  |  |  | 7,105 |  |  |  |
Preferred share dividends and other equity distributions |  |  |  | (215) |  |  |  |
Preferred shares redeemed (note 12) |  |  |  | (13) |  |  |  |
Common share dividends |  |  |  | (2,272) |  |  |  |
Change in unrealized foreign exchange gains (losses) on net foreign operations | $ (514) |  |  |  |  | (414) |  |
Change in actuarial gains (losses) on pension and other post-employment plans | 199 |  |  |  |  | 199 |  |
Change in unrealized gains (losses) on available-for-sale financial securities | (980) |  |  |  |  | (989) |  |
Change in unrealized gains (losses) on derivative instruments designated as cash flow hedges | 77 |  |  |  |  | 73 |  |
Change in real estate revaluation reserve | (11) |  |  |  |  | (11) |  |
Share of other comprehensive income (losses) of associates | (1) |  |  |  |  | (1) |  |
Net income (loss) attributed to participating policyholders | (448) |  |  |  |  |  | (448) |
Net income attributed to non-controlling interests | 255 |  |  |  |  |  |  | 255
Other comprehensive income (loss) attributed to policyholders and non-controlling interests |  |  |  |  |  |  | (1) | (3)
Contributions (distributions and acquisition), net |  |  |  |  |  |  |  | (13)
Balance, end of year at Dec. 31, 2021 | 58,869 | 6,381 | 23,093 | 23,492 | 262 | 5,180 | (1,233) | 1,694
Total shareholders' and other equity, end of year | 58,408 |  |  |  |  |  |  |
Issued (note 12) |  | 1,000 |  |  |  |  |  |
Redeemed (note 12) |  | (711) |  |  |  |  |  |
Issuance costs, net of tax |  | (10) |  |  |  |  |  |
Exercise of stock options and deferred share units |  |  | 23 |  | (4) |  |  |
Stock option expense |  |  |  |  | 5 |  |  |
Net income attributed to shareholders and other equity holders |  |  |  | 7,294 |  |  |  |
Common shares repurchased (note 12) |  |  | (938) | (946) |  |  |  |
Preferred share dividends and other equity distributions |  |  |  | (260) |  |  |  |
Preferred shares redeemed (note 12) |  |  |  | (14) |  |  |  |
Common share dividends |  |  |  | (2,513) |  |  |  |
Change in unrealized foreign exchange gains (losses) on net foreign operations | 2,350 |  |  |  |  | 1,935 |  |
Change in actuarial gains (losses) on pension and other post-employment plans | 17 |  |  |  |  | 17 |  |
Change in unrealized gains (losses) on available-for-sale financial securities | (7,608) |  |  |  |  | (7,315) |  |
Change in unrealized gains (losses) on derivative instruments designated as cash flow hedges | 161 |  |  |  |  | 164 |  |
Change in real estate revaluation reserve | (1) |  |  |  |  | (1) |  |
Share of other comprehensive income (losses) of associates | (5) |  |  |  |  | (5) |  |
Net income (loss) attributed to participating policyholders | (111) |  |  |  |  |  | (111) |
Net income attributed to non-controlling interests | (1) |  |  |  |  |  |  | (1)
Other comprehensive income (loss) attributed to policyholders and non-controlling interests |  |  |  |  |  |  | (2) | (3)
Contributions (distributions and acquisition), net |  |  |  |  |  |  |  | (26)
Acquisition of non-controlling interest |  |  |  | (43) | (25) |  |  |
Balance, end of year at Dec. 31, 2022 | 56,379 | $ 6,660 | $ 22,178 | $ 27,010 | $ 238 | $ (25) | $ (1,346) | $ 1,664
Total shareholders' and other equity, end of year | $ 56,061 |  |  |  |  |  |  |

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