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Accounting and Reporting Changes (Tables) | 12 Months Ended
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Dec. 31, 2023
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Schedule of Impact on Loss Allowances for Invested Assets | The following table illustrates the impact on loss allowances for invested assets on transition from the incurred loss impairment under IAS 39 to the expected credit losses impairment allowance under IFRS 9.
|  | December 31, 2022 IAS 39 Impairment allowance |  |  | January 1, 2023 IFRS 9 ECL allowance |
Debt securities at FVOCI under IFRS 9 |  | $ | – |  |  | $ | 348 |
Private placements at FVOCI under IFRS 9 |  |  | – |  |  |  | 255 |
Private placements at amortized cost under IAS 39 |  |  | 25 |  |  |  | – |
Mortgages at FVOCI under IFRS 9 |  |  | – |  |  |  | 83 |
Mortgages at amortized cost under IAS 39 |  |  | 10 |  |  |  | – |
Other invested assets at FVOCI under IFRS 9 |  |  | – |  |  |  | 13 |
Financial assets at amortized cost under IFRS 9 |  |  | – |  |  |  | 14 |
Mortgages at amortized cost under IAS 39 |  |  | 7 |  |  |  | – |
Loans to Bank clients under IAS 39 |  |  | 5 |  |  |  | – |
Total on-balance sheet exposures |  |  | 47 |  |  |  | 713 |
Allowance for credit losses on off-balance sheet exposures |  |  | – |  |  |  | 11 |
Total |  | $ | 47 |  |  | $ | 724 |
Schedule of Financial Liabilities Under IAS 39 | The following table shows financial liabilities under IAS 39 and the impact of classification and measurement changes on adoption of IFRS 9.
|  | Measurement category |  |  | December 31, 2022 IAS 39 Total carrying value |  |  | Impact of classification and measurement changes (1),(2) |  |  | January 1, 2023 IFRS 9 Total carrying value |
Investment contract liabilities |  |  | FVTPL |  |  | $ | 796 |  |  | $ | 2 |  |  | $ | 798 |
|  |  | Amortized cost |  |  |  | 2,452 |  |  |  | 6,829 |  |  |  | 9,281 |
Deposits from Bank clients |  |  | Amortized cost |  |  |  | 22,507 |  |  |  | – |  |  |  | 22,507 |
Derivative liabilities |  |  | FVTPL |  |  |  | 14,289 |  |  |  | – |  |  |  | 14,289 |
Other liabilities |  |  | Amortized cost |  |  |  | 17,421 |  |  |  | 1,473 |  |  |  | 18,894 |
Long-term debt |  |  | Amortized cost |  |  |  | 6,234 |  |  |  | – |  |  |  | 6,234 |
Capital instruments |  |  | Amortized cost |  |  |  | 6,122 |  |  |  | – |  |  |  | 6,122 |
Total in-scope financial liabilities |  |  |  |  |  | $ | 69,821 |  |  | $ | 8,304 |  |  | $ | 78,125 |
(1) | Investment contract liabilities held at amortized cost of $6,829 were reclassified from insurance contract liabilities under IFRS 4.
(2) | Other liabilities include amounts not in scope of IFRS 9, for example pension obligations. Other liabilities of $1,473 held at amortized cost under IFRS 9 were reclassified from insurance contract liabilities under IFRS 4.

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- Definition The disclosure of financial liabilities at the date of initial application of IFRS 9. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2023-01-01 -Paragraph 42I -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2023-en-r&anchor=para_42I&doctype=Standard -URIDate 2023-03-23 + Details
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- Definition Disclosure of detailed information about loss allowances fIAS 39 to the expected credit losses impairment allowance under IFRS 9. + References No definition available. + Details
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