XML 100 R71.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Invested Assets and Investment Income - Summary of Invested Assets and Segregated Funds Net Assets, Measured at Fair Value (Detail) - CAD ($) $ in Millions | Dec. 31, 2023 | Dec. 31, 2022 | Jan. 01, 2022 | Dec. 31, 2021
--- | --- | --- | --- | ---
Disclosure of fair value measurement of assets [Line Items] |  |  |  |
Debt securities | $ 212,149 | $ 203,842 | $ 224,139 |
Private placements | 45,606 | 42,010 | 47,289 |
Mortgages | 52,421 | 51,765 | 53,948 |
Public equities | 25,531 | 23,519 | 28,067 |
Real estate | 13,049 | 14,269 | 14,269 |
Own use property |  | 2,682 |  |
Other invested assets | 45,680 | 42,803 | 35,291 |
Segregated funds net assets | 377,544 | 348,562 | 399,788 |
Total assets | 875,574 | 833,689 | $ 928,220 |
FVOCI [Member] |  |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |  |
Cash and short-term securities | 13,993 | 12,859 |  |
Debt securities | 127,190 | 126,371 |  |
Private placements | 44,952 | 41,494 |  |
Mortgages | 28,473 | 28,621 |  |
FVTPL [Member] |  |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |  |
Cash and short-term securities | 1 |  |  |
Debt securities | 2,372 | 2,209 |  |
Private placements | 654 | 516 |  |
Mortgages | 1,055 | 1,138 |  |
Public equities | 25,531 | 23,519 |  |
Other cash and short-term securities [Member] |  |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |  |
Cash and short-term securities | 6,343 | 6,294 |  |
Other invested assets [Member] |  |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |  |
Other invested assets | 33,653 | 31,095 |  |
Canadian government and agency [Member] |  |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |  |
Debt securities | 20,988 | 21,266 |  |
Canadian government and agency [Member] | FVOCI [Member] |  |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |  |
Debt securities | 19,769 | 20,279 |  |
Canadian government and agency [Member] | FVTPL [Member] |  |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |  |
Debt securities | 1,219 | 987 |  |
U.S. government and agency [Member] | FVOCI [Member] |  |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |  |
Debt securities | 26,287 | 22,446 |  |
U.S. government and agency [Member] | FVTPL [Member] |  |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |  |
Debt securities | 1,303 | 1,378 |  |
Other government and agency [Member] |  |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |  |
Debt securities | 30,666 | 26,473 |  |
Other government and agency [Member] | FVOCI [Member] |  |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |  |
Debt securities | 30,576 | 26,314 |  |
Other government and agency [Member] | FVTPL [Member] |  |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |  |
Debt securities | 90 | 159 |  |
Residential mortgage asset-backed securities [Member] | FVOCI [Member] |  |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |  |
Debt securities | 6 | 7 |  |
Commercial mortgage asset-backed securities [Member] | FVOCI [Member] |  |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |  |
Debt securities | 370 | 589 |  |
Commercial mortgage asset-backed securities [Member] | FVTPL [Member] |  |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |  |
Debt securities | 1 | 6 |  |
Other securitized assets [Member] | FVOCI [Member] |  |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |  |
Debt securities | 1,579 | 1,670 |  |
Other securitized assets [Member] | FVTPL [Member] |  |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |  |
Debt securities | 15 | 16 |  |
Investment property [Member] |  |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |  |
Real estate | 10,458 | 11,417 |  |
Own use property [Member] |  |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |  |
Own use property | 2,430 |  |  |
Financial assets at fair value, class [Member] |  |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |  |
Total assets | 755,864 | 710,628 |  |
Level 1 [Member] |  |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |  |
Public equities |  | 23,448 |  |
Segregated funds net assets | 343,061 | 314,436 |  |
Level 1 [Member] | FVTPL [Member] |  |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |  |
Public equities | 25,423 |  |  |
Level 1 [Member] | Other cash and short-term securities [Member] |  |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |  |
Cash and short-term securities | 6,343 | 6,294 |  |
Level 1 [Member] | Other invested assets [Member] |  |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |  |
Other invested assets | 68 | 26 |  |
Level 1 [Member] | Financial assets at fair value, class [Member] |  |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |  |
Total assets | 374,895 | 344,204 |  |
Level 2 [Member] |  |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |  |
Segregated funds net assets | 30,991 | 30,141 |  |
Level 2 [Member] | FVOCI [Member] |  |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |  |
Cash and short-term securities | 13,993 | 12,859 |  |
Debt securities | 126,959 | 126,339 |  |
Private placements | 37,270 | 33,666 |  |
Level 2 [Member] | FVTPL [Member] |  |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |  |
Cash and short-term securities | 1 |  |  |
Debt securities | 2,372 | 2,209 |  |
Private placements | 575 | 485 |  |
Public equities | 67 |  |  |
Level 2 [Member] | Canadian government and agency [Member] | FVOCI [Member] |  |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |  |
Debt securities | 19,769 | 20,279 |  |
Level 2 [Member] | Canadian government and agency [Member] | FVTPL [Member] |  |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |  |
Debt securities | 1,219 | 987 |  |
Level 2 [Member] | U.S. government and agency [Member] | FVOCI [Member] |  |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |  |
Debt securities | 26,287 | 22,446 |  |
Level 2 [Member] | U.S. government and agency [Member] | FVTPL [Member] |  |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |  |
Debt securities | 1,303 | 1,378 |  |
Level 2 [Member] | Other government and agency [Member] | FVOCI [Member] |  |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |  |
Debt securities | 30,566 | 26,305 |  |
Level 2 [Member] | Other government and agency [Member] | FVTPL [Member] |  |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |  |
Debt securities | 90 | 159 |  |
Level 2 [Member] | Residential mortgage asset-backed securities [Member] | FVOCI [Member] |  |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |  |
Debt securities | 6 | 7 |  |
Level 2 [Member] | Commercial mortgage asset-backed securities [Member] | FVOCI [Member] |  |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |  |
Debt securities | 370 | 589 |  |
Level 2 [Member] | Commercial mortgage asset-backed securities [Member] | FVTPL [Member] |  |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |  |
Debt securities | 1 | 6 |  |
Level 2 [Member] | Other securitized assets [Member] | FVOCI [Member] |  |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |  |
Debt securities | 1,558 | 1,644 |  |
Level 2 [Member] | Other securitized assets [Member] | FVTPL [Member] |  |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |  |
Debt securities | 15 | 16 |  |
Level 2 [Member] | Financial assets at fair value, class [Member] |  |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |  |
Total assets | 293,412 | 279,515 |  |
Level 3 [Member] |  |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |  |
Public equities |  | 71 |  |
Segregated funds net assets | 3,492 | 3,985 |  |
Total assets | 85,391 | 83,721 |  | $ 83,606
Level 3 [Member] | FVOCI [Member] |  |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |  |
Debt securities | 231 | 32 |  |
Private placements | 7,682 | 7,828 |  |
Mortgages | 28,473 | 28,621 |  |
Level 3 [Member] | FVTPL [Member] |  |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |  |
Private placements | 79 | 31 |  |
Mortgages | 1,055 | 1,138 |  |
Public equities | 41 |  |  |
Level 3 [Member] | Other invested assets [Member] |  |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |  |
Other invested assets | 33,585 | 31,069 |  |
Level 3 [Member] | Other government and agency [Member] | FVOCI [Member] |  |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |  |
Debt securities | 10 | 9 |  |
Level 3 [Member] | Other securitized assets [Member] | FVOCI [Member] |  |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |  |
Debt securities | 21 | 26 |  |
Level 3 [Member] | Investment property [Member] |  |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |  |
Real estate | 10,458 | 11,417 |  |
Level 3 [Member] | Own use property [Member] |  |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |  |
Own use property | 2,430 |  |  |
Total assets | 2,430 | 2,682 |  |
Level 3 [Member] | Financial assets at fair value, class [Member] |  |  |  |
Disclosure of fair value measurement of assets [Line Items] |  |  |  |
Total assets | $ 87,557 | $ 86,909 |  |

X
- Definition The amount of a present economic resource controlled by the entity as a result of past events. Economic resource is a right that has the potential to produce economic benefits. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 13 -IssueDate 2023-01-01 -Paragraph 93 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=13&code=ifrs-tx-2023-en-r&anchor=para_93_a&doctype=Standard -URIDate 2023-03-23 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 8 -IssueDate 2023-01-01 -Paragraph 28 -Subparagraph c -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=8&code=ifrs-tx-2023-en-r&anchor=para_28_c&doctype=Standard -URIDate 2023-03-23 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 13 -IssueDate 2023-01-01 -Paragraph 93 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=13&code=ifrs-tx-2023-en-r&anchor=para_93_b&doctype=Standard -URIDate 2023-03-23 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 13 -IssueDate 2023-01-01 -Paragraph 93 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=13&code=ifrs-tx-2023-en-r&anchor=para_93_e&doctype=Standard -URIDate 2023-03-23 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 8 -IssueDate 2023-01-01 -Paragraph 23 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=8&code=ifrs-tx-2023-en-r&anchor=para_23&doctype=Standard -URIDate 2023-03-23 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2023-01-01 -Paragraph 55 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_55&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_Assets
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The amount of instruments representing indebtedness held by the entity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2023-01-01 -Paragraph 55 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_55&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_DebtInstrumentsHeld
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
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_DisclosureOfFairValueMeasurementOfAssetsLineItems
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The amount of instruments held by the entity that provide evidence of a residual interest in the assets of another entity after deducting all of its liabilities. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2023-01-01 -Paragraph 55 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_55&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_EquityInstrumentsHeld
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The amount of property (land or a building - or part of a building - or both) held (by the owner or by the lessee as a right-of-use asset) to earn rentals or for capital appreciation or both, rather than for: (a) use in the production or supply of goods or services or for administrative purposes; or (b) sale in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 40 -IssueDate 2023-01-01 -Paragraph 76 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=40&code=ifrs-tx-2023-en-r&anchor=para_76&doctype=Standard -URIDate 2023-03-23 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 40 -IssueDate 2023-01-01 -Paragraph 79 -Subparagraph d -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=40&code=ifrs-tx-2023-en-r&anchor=para_79_d&doctype=Standard -URIDate 2023-03-23 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2023-01-01 -Paragraph 54 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_54_b&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_InvestmentProperty
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition A classification of cash equivalents representing short-term investments. [Refer: Cash equivalents] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 7 -IssueDate 2023-01-01 -Paragraph 45 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2023-en-r&anchor=para_45&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_ShorttermInvestmentsClassifiedAsCashEquivalents
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Mortgages. + References No definition available. + Details
Name: | mfc_Mortgages
Namespace Prefix: | mfc_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Other invested assets. + References No definition available. + Details
Name: | mfc_OtherInvestedAssets
Namespace Prefix: | mfc_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Investment in private placements of other companies. + References No definition available. + Details
Name: | mfc_PrivatePlacements
Namespace Prefix: | mfc_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Real estate own use property. + References No definition available. + Details
Name: | mfc_RealEstateOwnUseProperty
Namespace Prefix: | mfc_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Segregated funds net assets. + References No definition available. + Details
Name: | mfc_SegregatedFundsNetAssetsHeldByPolicyholders
Namespace Prefix: | mfc_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Details
Name: | ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_CategoriesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_CategoriesOfFinancialAssetsAxis=mfc_OtherCashAndShorttermSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfFinancialInstrumentsAxis=mfc_OtherInvestedAssetsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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

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

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

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

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

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

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

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

X
- Details
Name: | ifrs-full_ClassesOfFinancialAssetsAxis=ifrs-full_FinancialAssetsAtFairValueMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level1OfFairValueHierarchyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level2OfFairValueHierarchyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_LevelsOfFairValueHierarchyAxis=ifrs-full_Level3OfFairValueHierarchyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |