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Consolidated Statements of Financial Position - CAD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Assets    
Cash and short-term securities $ 19,153 $ 22,594
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
Other invested assets 42,783 35,306
Total invested assets (note 4) 414,001 427,098
Other assets    
Accrued investment income 2,813 2,641
Outstanding premiums 1,448 1,294
Derivatives (note 5) 8,588 17,503
Reinsurance assets (notes 7 and 8) 47,712 44,579
Deferred tax assets (note 17) 5,423 5,254
Goodwill and intangible assets (note 6) 10,519 9,915
Miscellaneous 9,875 9,571
Total other assets 86,378 90,757
Segregated funds net assets (note 23) 348,562 399,788
Total assets 848,941 917,643
Liabilities    
Insurance contract liabilities (note 7) 371,405 392,275
Investment contract liabilities (note 8) 3,248 3,117
Deposits from Bank clients 22,507 20,720
Derivatives (note 5) 14,289 10,038
Deferred tax liabilities (note 17) 2,774 2,769
Other liabilities 17,421 18,205
Financial liabilities 431,644 447,124
Long-term debt (note 10) 6,234 4,882
Capital instruments (note 11) 6,122 6,980
Segregated funds net liabilities (note 23) 348,562 399,788
Total liabilities 792,562 858,774
Equity    
Contributed surplus 238 262
Shareholders' and other equity holders' retained earnings 27,010 23,492
Shareholders' accumulated other comprehensive income (loss) ("AOCI"):    
Pension and other post-employment plans (97) (114)
Available-for-sale securities (6,472) 848
Cash flow hedges 8 (156)
Real estate revaluation reserve 22 23
Translation of foreign operations 6,514 4,579
Total shareholders' and other equity 56,061 58,408
Participating policyholders' equity (1,346) (1,233)
Non-controlling interests 1,664 1,694
Total equity 56,379 58,869
Total liabilities and equity 848,941 917,643
Preferred shares and other equity [Member]    
Equity    
Issued shares (note 12) 6,660 6,381
Shareholders' accumulated other comprehensive income (loss) ("AOCI"):    
Total equity 6,660 6,381
Common shares [Member]    
Equity    
Issued shares (note 12) 22,178 23,093
Shareholders' accumulated other comprehensive income (loss) ("AOCI"):    
Total equity $ 22,178 $ 23,093