XML 112 R83.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Derivative and Hedging Instruments - Summary of Recognized Gains Losses on Derivatives and Hedged Items in Fair Value Hedges in Investment Income (Detail) - CAD ($) $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2023 | Dec. 31, 2022
Disclosure of detailed information about hedges [Line Items] |  |
Carrying amount for hedged items | $ 9,191 |
Asset [Member] |  |
Disclosure of detailed information about hedges [Line Items] |  |
Change in value of the hedged item for ineffectiveness measurement | 742 |
Change in value of hedging instruments for ineffectiveness measurement | (778) |
Ineffectiveness recognized in investment income result | (36) |
Carrying amount for hedged items | 9,191 |
Accumulated fair value adjustments on hedged items | 576 |
Accumulated fair value adjustments on de-designated hedged items | (164) |
Asset [Member] | Debt securities [member] | Foreign Currency And Interest Rate Risk [Member] |  |
Disclosure of detailed information about hedges [Line Items] |  |
Change in value of the hedged item for ineffectiveness measurement | 742 |
Change in value of hedging instruments for ineffectiveness measurement | (778) |
Ineffectiveness recognized in investment income result | (36) |
Carrying amount for hedged items | 9,191 |
Accumulated fair value adjustments on hedged items | 576 |
Accumulated fair value adjustments on de-designated hedged items | (405) |
Asset [Member] | Debt securities [member] | Interest rate risk [member] |  |
Disclosure of detailed information about hedges [Line Items] |  |
Accumulated fair value adjustments on de-designated hedged items | 241 | $ 265
Liability [Member] |  |
Disclosure of detailed information about hedges [Line Items] |  |
Change in value of the hedged item for ineffectiveness measurement | (53) | 7
Change in value of hedging instruments for ineffectiveness measurement | 185 | (5)
Ineffectiveness recognized in investment income result | 132 | 2
Carrying amount for hedged items |  | 31
Carrying amount for hedged items | 29,133 |
Accumulated fair value adjustments on hedged items |  | 7
Accumulated fair value adjustments on hedged items | (2,658) |
Accumulated fair value adjustments on de-designated hedged items |  | 265
Accumulated fair value adjustments on de-designated hedged items | 2,642 |
Liability [Member] | Insurance Contract Liabilities [Member] | Interest rate risk [member] |  |
Disclosure of detailed information about hedges [Line Items] |  |
Change in value of the hedged item for ineffectiveness measurement | (53) |
Change in value of hedging instruments for ineffectiveness measurement | 185 |
Ineffectiveness recognized in investment income result | 132 |
Carrying amount for hedged items | 29,133 |
Accumulated fair value adjustments on hedged items | (2,658) |
Accumulated fair value adjustments on de-designated hedged items | $ 2,642 |
Liability [Member] | Debt securities [member] | Foreign Currency And Interest Rate Risk [Member] |  |
Disclosure of detailed information about hedges [Line Items] |  |
Change in value of the hedged item for ineffectiveness measurement |  | 7
Change in value of hedging instruments for ineffectiveness measurement |  | (5)
Ineffectiveness recognized in investment income result |  | 2
Carrying amount for hedged items |  | 31
Accumulated fair value adjustments on hedged items |  | $ 7

X
- Definition The accumulated amount of fair value hedge adjustment on a hedged item that is included in the carrying amount of the hedged item, recognised in the statement of financial position as an asset. [Refer: Hedged items [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2023-01-01 -Paragraph 24B -Subparagraph a -Clause ii -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2023-en-r&anchor=para_24B_a_ii&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountAssets
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The accumulated amount of fair value hedge adjustment on a hedged item that is included in the carrying amount of the hedged item, recognised in the statement of financial position as a liability. [Refer: Hedged items [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2023-01-01 -Paragraph 24B -Subparagraph a -Clause ii -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2023-en-r&anchor=para_24B_a_ii&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_AccumulatedFairValueHedgeAdjustmentOnHedgedItemIncludedInCarryingAmountLiabilities
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The accumulated amount of fair value hedge adjustment remaining in the statement of financial position for a hedged item that is a financial asset measured at amortised cost and has ceased to be adjusted for hedging gains and losses. [Refer: Financial assets at amortised cost; Hedged items [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2023-01-01 -Paragraph 24B -Subparagraph a -Clause v -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2023-en-r&anchor=para_24B_a_v&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_AccumulatedFairValueHedgeAdjustmentRemainingInStatementOfFinancialPositionForHedgedItemThatCeasedToBeAdjustedForHedgingGainsAndLossesAssets
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The accumulated amount of fair value hedge adjustment remaining in the statement of financial position for a hedged item that is a financial liability measured at amortised cost and has ceased to be adjusted for hedging gains and losses. [Refer: Financial liabilities at amortised cost; Hedged items [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2023-01-01 -Paragraph 24B -Subparagraph a -Clause v -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2023-en-r&anchor=para_24B_a_v&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_AccumulatedFairValueHedgeAdjustmentRemainingInStatementOfFinancialPositionForHedgedItemThatCeasedToBeAdjustedForHedgingGainsAndLossesLiabilities
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
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_DisclosureOfHedgeAccountingLineItems
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The gain (loss) on the change in fair value of the hedged item used as a basis for recognising hedge ineffectiveness. Hedge ineffectiveness is the extent to which the changes in the fair value or the cash flows of the hedging instrument are greater or less than those on the hedged item. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2023-01-01 -Paragraph 24B -Subparagraph a -Clause iv -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2023-en-r&anchor=para_24B_a_iv&doctype=Standard -URIDate 2023-03-23 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2023-01-01 -Paragraph 24B -Subparagraph b -Clause i -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2023-en-r&anchor=para_24B_b_i&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_GainLossOnChangeInFairValueOfHedgedItemUsedAsBasisForRecognisingHedgeIneffectiveness
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The gain (loss) on the change in fair value of the hedging instrument used as a basis for recognising hedge ineffectiveness. Hedge ineffectiveness is the extent to which the changes in the fair value or the cash flows of the hedging instrument are greater or less than those on the hedged item. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2023-01-01 -Paragraph 24A -Subparagraph c -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2023-en-r&anchor=para_24A_c&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The gain (loss) on hedge ineffectiveness. Hedge ineffectiveness is the extent to which the changes in the fair value or the cash flows of the hedging instrument are greater or less than those on the hedged item. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2023-01-01 -Paragraph 24C -Subparagraph a -Clause i -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2023-en-r&anchor=para_24C_a_i&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_GainLossOnHedgeIneffectiveness
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The amount of a hedged item, recognised as an asset. [Refer: Hedged items [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2023-01-01 -Paragraph 24B -Subparagraph a -Clause i -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2023-en-r&anchor=para_24B_a_i&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_HedgedItemAssets
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The amount of a hedged item, recognised as a liability. [Refer: Hedged items [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2023-01-01 -Paragraph 24B -Subparagraph a -Clause i -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2023-en-r&anchor=para_24B_a_i&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_HedgedItemLiabilities
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | ifrs-full_AssetsAndLiabilitiesAxis=mfc_AssetMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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

X
- Details
Name: | ifrs-full_TypesOfRisksAxis=mfc_ForeignCurrencyAndInterestRateRiskMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_TypesOfRisksAxis=ifrs-full_InterestRateRiskMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_AssetsAndLiabilitiesAxis=mfc_LiabilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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