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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] | Shareholders and other equity holders retained earnings [Member] Opening Adjustment Of Financial Assets At Adoption Of IFRS 9 IFRS17 [Member] | Shareholders and other equity holders retained earnings [Member] Opening Adjustment Of Insurance Contracts At Adoption Of IFRS17 [Member] | Contributed Surplus [Member] | Shareholders' accumulated other comprehensive income (loss) ("AOCI") [Member] | Shareholders' accumulated other comprehensive income (loss) ("AOCI") [Member] Opening Adjustment Of Financial Assets At Adoption Of IFRS 9 IFRS17 [Member] | Shareholders' accumulated other comprehensive income (loss) ("AOCI") [Member] Opening Adjustment Of Insurance Contracts At Adoption Of IFRS17 [Member] | Participating Policyholders' Equity [Member] | Participating Policyholders' Equity [Member] Opening Adjustment Of Financial Assets At Adoption Of IFRS 9 IFRS17 [Member] | Participating Policyholders' Equity [Member] Opening Adjustment Of Insurance Contracts At Adoption Of IFRS17 [Member] | Non-controlling Interests [Member] | Non-controlling Interests [Member] Opening Adjustment Of Insurance Contracts At Adoption Of IFRS17 [Member]
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Balance, beginning of year (Previously stated [member]) at Dec. 31, 2021 |  |  |  | $ 23,492 |  |  |  | $ 5,180 |  |  | $ (1,233) |  |  | $ 1,694 |
Balance, beginning of year (Increase (decrease) due to changes in accounting policy required by IFRSs [member]) at Dec. 31, 2021 |  |  |  |  | $ (10,645) | $ (3,191) |  |  | $ 16,916 | $ (16,133) |  | $ 626 | $ 707 |  | $ (258)
Balance, beginning of year at Dec. 31, 2021 |  | $ 6,381 | $ 23,093 | 9,656 |  |  | $ 262 | 5,963 |  |  | 100 |  |  | 1,436 |
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 (loss) attributed to shareholders and other equity holders |  |  |  | (1,933) |  |  |  |  |  |  |  |  |  |  |
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 | $ 1,755 |  |  |  |  |  |  | 1,340 |  |  |  |  |  |  |
Net income (loss) attributed to participating policyholders | (167) |  |  |  |  |  |  |  |  |  | (167) |  |  |  |
Net income (loss) attributed to non-controlling interests | 121 |  |  |  |  |  |  |  |  |  |  |  |  | 121 |
Other comprehensive income (loss) attributed to policyholders and non-controlling interests |  |  |  |  |  |  |  |  |  |  | (10) |  |  | (104) |
Contributions (distributions and acquisition), net |  |  |  |  |  |  |  |  |  |  |  |  |  | (26) |
Acquisition of non-controlling interest |  |  |  | (43) |  |  | (25) |  |  |  |  |  |  |  |
Other changes in OCI attributed to shareholders and other equity holders |  |  |  |  |  |  |  | 177 |  |  |  |  |  |  |
Change in unrealized gains (losses) on fair value through OCI investments |  |  |  |  |  |  |  | (42,407) |  |  |  |  |  |  |
Changes in insurance / reinsurance finance income (expenses) |  |  |  |  |  |  |  | 48,780 |  |  |  |  |  |  |
Balance, end of year (Previously stated [member]) at Dec. 31, 2022 |  |  |  | 3,947 |  |  |  | 13,853 |  |  | (77) |  |  | 1,427 |
Balance, end of year (Increase (decrease) due to changes in accounting policy required by IFRSs [member]) at Dec. 31, 2022 |  |  |  |  | $ (409) |  |  |  | $ 408 |  |  |  |  |  |
Balance, end of year at Dec. 31, 2022 | 48,226 | 6,660 | 22,178 | 3,538 |  |  | 238 | 14,261 |  |  | (77) |  |  | 1,427 |
Total shareholders' and other equity, end of year | 46,876 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Issued (note 12) |  | 0 |  |  |  |  |  |  |  |  |  |  |  |  |
Exercise of stock options and deferred share units |  |  | 94 |  |  |  | (18) |  |  |  |  |  |  |  |
Stock option expense | 2 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) attributed to shareholders and other equity holders |  |  |  | 5,103 |  |  |  |  |  |  |  |  |  |  |
Common shares repurchased (note 12) |  |  | (745) | (850) |  |  |  |  |  |  |  |  |  |  |
Preferred share dividends and other equity distributions |  |  |  | (303) |  |  |  |  |  |  |  |  |  |  |
Common share dividends |  |  |  | (2,669) |  |  |  |  |  |  |  |  |  |  |
Change in unrealized foreign exchange gains (losses) on net foreign operations | (1,301) |  |  |  |  |  |  | (1,117) |  |  |  |  |  |  |
Net income (loss) attributed to participating policyholders | 360 |  |  |  |  |  |  |  |  |  | 360 |  |  |  |
Net income (loss) attributed to non-controlling interests | 144 |  |  |  |  |  |  |  |  |  |  |  |  | 144 |
Other comprehensive income (loss) attributed to policyholders and non-controlling interests |  |  |  |  |  |  |  |  |  |  | (26) |  |  | (126) |
Contributions (distributions and acquisition), net |  |  |  |  |  |  |  |  |  |  |  |  |  | (14) |
Other changes in OCI attributed to shareholders and other equity holders |  |  |  |  |  |  |  | (34) |  |  |  |  |  |  |
Change in unrealized gains (losses) on fair value through OCI investments |  |  |  |  |  |  |  | 7,923 |  |  |  |  |  |  |
Changes in insurance / reinsurance finance income (expenses) |  |  |  |  |  |  |  | (7,222) |  |  |  |  |  |  |
Balance, end of year at Dec. 31, 2023 | 48,727 | $ 6,660 | $ 21,527 | $ 4,819 |  |  | $ 222 | $ 13,811 |  |  | $ 257 |  |  | $ 1,431 |
Total shareholders' and other equity, end of year | $ 47,039 |  |  |  |  |  |  |  |  |  |  |  |  |  |

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