XML 94 R65.htm IDEA: XBRL DOCUMENT
v3.22.4

Invested Assets and Investment Income - Schedule of Carrying Values and Fair Values of Invested Assets (Detail) - CAD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020
--- | --- | --- | ---
Disclosure of fair value measurement of assets [Line Items] |  |  |
Cash and short-term securities | $ 19,153 | $ 22,594 | $ 26,167
Debt securities | 203,904 | 224,139 |
Public equities | 23,519 | 28,067 |
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 |
Real estate | 13,272 | 13,233 |
Total invested assets | 414,001 | 427,098 |
Other invested assets | 42,783 | 35,306 |
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 |
Total invested assets | 220,674 | 238,809 |
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 |
Total invested assets | 44,755 | 49,876 |
Other invested assets [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Cash and short-term securities | 6,294 | 6,041 |
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 |
Total invested assets | 148,572 | 138,413 |
Fair value [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Cash and short-term securities | 19,153 | 22,594 |
Public equities | 23,519 | 28,067 |
Mortgages | 51,429 | 54,089 |
Private placements | 41,968 | 47,276 |
Policy loans | 6,894 | 6,397 |
Loans to bank clients | 2,760 | 2,503 |
Total invested assets | 407,212 | 435,475 |
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 |
Canadian government and agency [Member] | Fair value [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 21,266 | 22,670 |
U.S. government and agency [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 24,736 | 32,251 |
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 |
U.S. government and agency [Member] | Other invested assets [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 912 | 852 |
U.S. government and agency [Member] | Fair value [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 24,494 | 32,254 |
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 |
Other government and agency [Member] | Fair value [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 26,473 | 24,759 |
Corporate [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 129,141 | 141,563 |
Corporate [Member] | FVTPL [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 120,897 | 133,763 |
Corporate [Member] | AFS [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 7,745 | 7,332 |
Corporate [Member] | Other invested assets [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 499 | 468 |
Corporate [Member] | Fair value [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 128,972 | 141,560 |
Mortgage/asset-backed securities [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 2,288 | 2,896 |
Mortgage/asset-backed securities [Member] | FVTPL [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 2,152 | 2,758 |
Mortgage/asset-backed securities [Member] | AFS [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 136 | 138 |
Mortgage/asset-backed securities [Member] | Fair value [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Debt securities | 2,288 | 2,896 |
Real estate own use property [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Real estate | 1,878 | 1,812 |
Real estate own use property [Member] | Other invested assets [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Real estate | 1,878 | 1,812 |
Real estate own use property [Member] | Fair value [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Real estate | 3,033 | 3,024 |
Investment property [member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Real estate | 11,394 | 11,421 |
Investment property [member] | Other invested assets [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Real estate | 11,394 | 11,421 |
Investment property [member] | Fair value [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Real estate | 11,394 | 11,421 |
Alternative long-duration assets [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Other invested assets | 38,439 | 31,204 |
Alternative long-duration assets [Member] | FVTPL [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Other invested assets | 26,348 | 21,022 |
Alternative long-duration assets [Member] | AFS [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Other invested assets | 79 | 89 |
Alternative long-duration assets [Member] | Other invested assets [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Other invested assets | 12,012 | 10,093 |
Alternative long-duration assets [Member] | Fair value [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Other invested assets | 39,225 | 31,863 |
Various other [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Other invested assets | 4,344 | 4,102 |
Various other [Member] | FVTPL [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Other invested assets | 131 | 135 |
Various other [Member] | Other invested assets [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Other invested assets | 4,213 | 3,967 |
Various other [Member] | Fair value [Member] |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |
Other invested assets | $ 4,344 | $ 4,102 |

X
- Definition The amount of cash on hand and demand deposits, along with short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value. [Refer: Cash; Cash equivalents] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -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 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 12 -IssueDate 2022-03-24 -Paragraph B13 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2022-en-r&anchor=para_B13_a&doctype=Appendix&subtype=B -URIDate 2022-03-24 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 54 -Subparagraph i -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_54_i&doctype=Standard -URIDate 2022-03-24 + Details
Name: | ifrs-full_CashAndCashEquivalents
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 The amount of investments against insurance liabilities where all risk is borne by the policyholders. + 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_InvestmentsForRiskOfPolicyholders
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The amount of loans and advances the entity has made to customers. + 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_LoansAndAdvancesToCustomers
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

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

X
- Definition Mortgages. + References No definition available. + Details
Name: | mfc_Mortgages
Namespace Prefix: | mfc_
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 Investment in private placements of other companies. + References No definition available. + Details
Name: | mfc_PrivatePlacements
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_OtherInvestedAssetsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_MeasurementAxis=ifrs-full_AtFairValueMember
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_UnitedStatesGovernmentAndAgenciesMember
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_CorporateDebtMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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

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

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

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

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