XML 204 R175.htm IDEA: XBRL DOCUMENT v3.22.4
Segmented Information - Summary of Results by Segments (Detail) - CAD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Disclosure of operating segments [line items]    
Net premium income $ 37,853 $ 39,065
Net investment income (loss) (29,870) 11,624
Other revenue 9,164 11,132
Total revenue 17,147 61,821
Net benefits and claims (9,299) 35,822
Interest expense 1,350 1,011
Other expenses 16,349 16,863
Total contract benefits and expenses 8,400 53,696
Income (loss) before income taxes 8,747 8,125
Income tax (expense) recovery (1,565) (1,213)
Net income (loss) 7,182 6,912
Non-controlling interests (1) 255
Participating policyholders (111) (448)
Net income (loss) attributed to shareholders 7,294 7,105
Total assets 848,941 917,643
Life and health insurance [Member]    
Disclosure of operating segments [line items]    
Net premium income 35,483 36,130
Net benefits and claims (516) 37,982
Annuities and pensions [Member]    
Disclosure of operating segments [line items]    
Net premium income 2,370 2,935
Net benefits and claims (8,783) (2,160)
Operating segments [Member] | Asia Division [Member]    
Disclosure of operating segments [line items]    
Net premium income 21,476 22,986
Net investment income (loss) (7,972) 4,889
Other revenue 1,458 1,696
Total revenue 14,962 29,571
Net benefits and claims 7,643 20,878
Interest expense 234 232
Other expenses 5,024 5,273
Total contract benefits and expenses 12,901 26,383
Income (loss) before income taxes 2,061 3,188
Income tax (expense) recovery (308) (445)
Net income (loss) 1,753 2,743
Non-controlling interests (4) 253
Participating policyholders (467) (567)
Net income (loss) attributed to shareholders 2,224 3,057
Total assets 158,036 162,970
Operating segments [Member] | Asia Division [Member] | Life and health insurance [Member]    
Disclosure of operating segments [line items]    
Net premium income 18,690 20,428
Net benefits and claims 4,976 18,240
Operating segments [Member] | Asia Division [Member] | Annuities and pensions [Member]    
Disclosure of operating segments [line items]    
Net premium income 2,786 2,558
Net benefits and claims 2,667 2,638
Operating segments [Member] | Canadian Division [Member]    
Disclosure of operating segments [line items]    
Net premium income 10,392 9,561
Net investment income (loss) (7,911) 1,469
Other revenue 1,426 1,336
Total revenue 3,907 12,366
Net benefits and claims (2,793) 6,905
Interest expense 573 269
Other expenses 3,506 3,401
Total contract benefits and expenses 1,286 10,575
Income (loss) before income taxes 2,621 1,791
Income tax (expense) recovery (777) (336)
Net income (loss) 1,844 1,455
Participating policyholders 314 101
Net income (loss) attributed to shareholders 1,530 1,354
Total assets 155,049 169,736
Operating segments [Member] | Canadian Division [Member] | Life and health insurance [Member]    
Disclosure of operating segments [line items]    
Net premium income 9,945 9,217
Net benefits and claims 5,945 10,276
Operating segments [Member] | Canadian Division [Member] | Annuities and pensions [Member]    
Disclosure of operating segments [line items]    
Net premium income 447 344
Net benefits and claims (8,738) (3,371)
Operating segments [Member] | US Division [Member]    
Disclosure of operating segments [line items]    
Net premium income 5,716 6,371
Net investment income (loss) (13,003) 5,061
Other revenue 458 1,824
Total revenue (6,829) 13,256
Net benefits and claims (14,621) 7,779
Interest expense 67 47
Other expenses 2,847 2,947
Total contract benefits and expenses (11,707) 10,773
Income (loss) before income taxes 4,878 2,483
Income tax (expense) recovery (886) (385)
Net income (loss) 3,992 2,098
Participating policyholders 42 18
Net income (loss) attributed to shareholders 3,950 2,080
Total assets 267,653 290,838
Operating segments [Member] | US Division [Member] | Life and health insurance [Member]    
Disclosure of operating segments [line items]    
Net premium income 6,579 6,338
Net benefits and claims (11,868) 9,307
Operating segments [Member] | US Division [Member] | Annuities and pensions [Member]    
Disclosure of operating segments [line items]    
Net premium income (863) 33
Net benefits and claims (2,753) (1,528)
Operating segments [Member] | Global wealth and asset management [member]    
Disclosure of operating segments [line items]    
Net investment income (loss) (39) 28
Other revenue 6,350 6,513
Total revenue 6,311 6,541
Net benefits and claims 41 101
Interest expense 7 1
Other expenses 4,717 4,798
Total contract benefits and expenses 4,765 4,900
Income (loss) before income taxes 1,546 1,641
Income tax (expense) recovery (223) (233)
Net income (loss) 1,323 1,408
Non-controlling interests 2 2
Net income (loss) attributed to shareholders 1,321 1,406
Total assets 231,154 259,363
Operating segments [Member] | Global wealth and asset management [member] | Annuities and pensions [Member]    
Disclosure of operating segments [line items]    
Net benefits and claims 41 101
Corporate and other [member]    
Disclosure of operating segments [line items]    
Net premium income 269 147
Net investment income (loss) (945) 177
Other revenue (528) (237)
Total revenue (1,204) 87
Net benefits and claims 431 159
Interest expense 469 462
Other expenses 255 444
Total contract benefits and expenses 1,155 1,065
Income (loss) before income taxes (2,359) (978)
Income tax (expense) recovery 629 186
Net income (loss) (1,730) (792)
Non-controlling interests 1  
Net income (loss) attributed to shareholders (1,731) (792)
Total assets 37,049 34,736
Corporate and other [member] | Life and health insurance [Member]    
Disclosure of operating segments [line items]    
Net premium income 269 147
Net benefits and claims $ 431 $ 159