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v3.24.0.1

Consolidated Statements of Financial Position - CAD ($) $ in Millions | Dec. 31, 2023 | Dec. 31, 2022 | Jan. 01, 2022
--- | --- | --- | ---
Assets |  |  |
Cash and short-term securities | $ 20,338 | $ 19,153 | $ 22,594
Debt securities | 212,149 | 203,842 | 224,139
Public equities | 25,531 | 23,519 | 28,067
Mortgages | 52,421 | 51,765 | 53,948
Private placements | 45,606 | 42,010 | 47,289
Loans to Bank clients | 2,436 | 2,781 | 2,506
Real estate | 13,049 | 14,269 | 14,269
Other invested assets | 45,680 | 42,803 | 35,291
Total invested assets (note 4) | 417,210 | 400,142 | 428,103
Other assets |  |  |
Accrued investment income | 2,678 | 2,635 | 2,428
Derivatives (note 5) | 8,546 | 8,588 | 17,503
Insurance contract assets (note 7) | 145 | 673 | 972
Reinsurance contract held assets (note 7) | 42,651 | 45,871 | 52,829
Deferred tax assets | 6,739 | 6,708 | 7,767
Goodwill and intangible assets (note 6) | 10,310 | 10,519 | 9,919
Miscellaneous | 9,751 | 9,991 | 8,911
Total other assets | 80,820 | 84,985 | 100,329
Segregated funds net assets (note 23) | 377,544 | 348,562 | 399,788
Total assets | 875,574 | 833,689 | 928,220
Liabilities |  |  |
Insurance contract liabilities, excluding those for account of segregated fund holders (note 7) | 367,996 | 354,849 | 405,621
Reinsurance contract held liabilities (note 7) | 2,831 | 2,391 | 2,079
Investment contract liabilities (note 8) | 11,816 | 10,079 | 10,064
Deposits from Bank clients | 21,616 | 22,507 | 20,720
Derivatives (note 5) | 11,730 | 14,289 | 10,038
Deferred tax liabilities | 1,697 | 1,536 | 1,713
Other liabilities | 18,879 | 18,894 | 19,443
Long-term debt (note 10) | 6,071 | 6,234 | 4,882
Capital instruments (note 11) | 6,667 | 6,122 | 6,980
Total liabilities, excluding those for account of segregated fund holders | 449,303 | 436,901 | 481,540
Insurance contract liabilities for account of segregated fund holders (note 7) | 114,143 | 110,216 | 130,836
Investment contract liabilities for account of segregated fund holders | 263,401 | 238,346 | 268,952
Insurance and investment contract liabilities for account of segregated fund holders (note 23) | 377,544 | 348,562 | 399,788
Total liabilities | 826,847 | 785,463 | 881,328
Equity |  |  |
Contributed surplus | 222 | 238 | 262
Shareholders and other equity holders' retained earnings | 4,819 | 3,947 | 9,656
Shareholders and other equity holders' accumulated other comprehensive income (loss) ("AOCI"): |  |  |
Insurance finance income (expenses) | 30,010 | 38,057 | (17,117)
Reinsurance finance income (expenses) | (4,634) | (5,410) | 984
Fair value through other comprehensive income ("OCI") investments | (16,262) | (24,645) | 17,764
Translation of foreign operations | 4,801 | 5,918 | 4,578
Other | (104) | (67) | (246)
Total shareholders and other equity holders' equity | 47,039 | 46,876 | 45,355
Participating policyholders' equity | 257 | (77) | 101
Non-controlling interests | 1,431 | 1,427 | 1,436
Total equity | 48,727 | 48,226 | 46,892
Total liabilities and equity | 875,574 | 833,689 | 928,220
Preferred shares and other equity [Member] |  |  |
Equity |  |  |
Issued shares (note 12) | 6,660 | 6,660 | 6,381
Shareholders and other equity holders' accumulated other comprehensive income (loss) ("AOCI"): |  |  |
Total equity | 6,660 | 6,660 |
Common shares [Member] |  |  |
Equity |  |  |
Issued shares (note 12) | 21,527 | 22,178 | $ 23,093
Shareholders and other equity holders' accumulated other comprehensive income (loss) ("AOCI"): |  |  |
Total equity | $ 21,527 | $ 22,178 |

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- Definition The amount of reinsurance contracts held that are assets. [Refer: Assets; Reinsurance contracts held [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 17 -IssueDate 2023-01-01 -Paragraph 78 -Subparagraph c -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=17&code=ifrs-tx-2023-en-r&anchor=para_78_c&doctype=Standard -URIDate 2023-03-23 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2023-01-01 -Paragraph 54 -Subparagraph da -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_54_da&doctype=Standard -URIDate 2023-03-23 + Details
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