XML 127 R98.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Insurance and Reinsurance contract Assets and Liabilities - Summary of Insurance Contracts in Analysis by Remaining Coverage and Incurred Claims (Detail) - CAD ($) $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2023 | Dec. 31, 2022
Disclosure of reconciliation of changes in insurance contracts by remaining coverage and incurred claims [line items] |  |
Opening insurance contract assets | $ 673 |
Opening insurance contract liabilities | 354,849 |
Insurance revenue [abstract] |  |
Insurance revenue | 23,972 | $ 23,118
Insurance service expense [abstract] |  |
Insurance finance (income) expenses | (14,628) | (6,307)
Cash flows |  |
Acquisition cash flows incurred in the year | 820 | 805
Closing insurance contract assets | 145 | 673
Closing insurance contract liabilities | 367,996 | 354,849
Insurance Contracts Issued [Member] |  |
Disclosure of reconciliation of changes in insurance contracts by remaining coverage and incurred claims [line items] |  |
Opening insurance contract assets | (673) | (972)
Opening insurance contract liabilities | 354,849 | 405,621
Opening insurance contract liabilities for account of segregated fund holders | 110,216 | 130,836
Net opening balance | 464,392 | 535,485
Insurance revenue [abstract] |  |
Expected incurred claims and other insurance service result | (13,165) | (13,019)
Change in risk adjustment for non-financial risk expired | (1,497) | (1,665)
CSM recognized for services provided | (2,162) | (2,298)
Recovery of insurance acquisition cash flows | (853) | (534)
Contracts under PAA | (6,295) | (5,602)
Insurance revenue | (23,972) | (23,118)
Insurance service expense [abstract] |  |
Incurred claims and other insurance service expenses | 19,516 | 19,256
Losses and reversal of losses on onerous contracts (future service) | 90 | 742
Changes to liabilities for incurred claims (past service) | (1,878) | (1,948)
Amortization of insurance acquisition cash flows | 1,654 | 1,285
Net impairment of assets for insurance acquisition cash flows | 0 | 0
Increase (decrease) through insurance service expenses, insurance contracts liability (asset) | 19,382 | 19,335
Investment components and premium refunds | 0 | 0
Insurance service result | (4,590) | (3,783)
Insurance finance (income) expenses | 25,174 | (68,833)
Effects of movements in foreign exchange rates | (9,771) | 16,061
Total changes in income and OCI | 10,813 | (56,555)
Cash flows |  |
Premiums and premium tax received | 48,381 | 47,526
Claims and other insurance service expenses paid, including investment components | (38,425) | (34,986)
Insurance acquisition cash flows | (6,920) | (6,266)
Total cash flows | 3,036 | 6,274
Allocation from assets for insurance acquisition cash flows to groups of insurance contracts | 0 | 0
Acquisition cash flows incurred in the year | (174) | (192)
Movements related to insurance contract liabilities for account of segregated fund holders | 3,927 | (20,620)
Net closing balance | 481,994 | 464,392
Closing insurance contract assets | (145) | (673)
Closing insurance contract liabilities | 367,996 | 354,849
Closing insurance contract liabilities for account of segregated fund holders | 114,143 | 110,216
Net closing balance | 481,994 | 464,392
Insurance finance (income) expenses, per disclosure in note 7 (f) | 24,992 | (68,833)
Insurance Contracts Issued [Member] | Assets for insurance acquisition cash flows [Member] |  |
Disclosure of reconciliation of changes in insurance contracts by remaining coverage and incurred claims [line items] |  |
Opening insurance contract assets | (9) |
Opening insurance contract liabilities | (796) |
Net opening balance | (805) |
Cash flows |  |
Closing insurance contract assets |  | (9)
Closing insurance contract liabilities | (820) | (796)
Net closing balance | (820) | (805)
Insurance Contracts Issued [Member] | Cash flow hedges [Member] |  |
Cash flows |  |
Reclassification of derivative | 3 | 0
Insurance Contracts Issued [Member] | Fair value hedges [Member] |  |
Cash flows |  |
Reclassification of derivative | (185) | 0
Insurance Contracts Issued [Member] | Excluding loss component [Member] |  |
Disclosure of reconciliation of changes in insurance contracts by remaining coverage and incurred claims [line items] |  |
Opening insurance contract assets | (659) | (842)
Opening insurance contract liabilities | 336,981 | 388,585
Opening insurance contract liabilities for account of segregated fund holders | 110,216 | 130,836
Net opening balance | 446,538 | 518,579
Insurance revenue [abstract] |  |
Expected incurred claims and other insurance service result | (13,165) | (13,019)
Change in risk adjustment for non-financial risk expired | (1,497) | (1,665)
CSM recognized for services provided | (2,162) | (2,298)
Recovery of insurance acquisition cash flows | (853) | (534)
Contracts under PAA | (6,295) | (5,602)
Insurance revenue | (23,972) | (23,118)
Insurance service expense [abstract] |  |
Incurred claims and other insurance service expenses | 0 | 0
Losses and reversal of losses on onerous contracts (future service) | 0 | 0
Changes to liabilities for incurred claims (past service) | 0 | 0
Amortization of insurance acquisition cash flows | 1,654 | 1,285
Net impairment of assets for insurance acquisition cash flows | 0 | 0
Increase (decrease) through insurance service expenses, insurance contracts liability (asset) | 1,654 | 1,285
Investment components and premium refunds | (19,080) | (18,222)
Insurance service result | (41,398) | (40,055)
Insurance finance (income) expenses | 24,268 | (68,366)
Effects of movements in foreign exchange rates | (9,657) | 15,886
Total changes in income and OCI | (26,787) | (92,535)
Cash flows |  |
Premiums and premium tax received | 48,381 | 47,526
Claims and other insurance service expenses paid, including investment components | 0 | 0
Insurance acquisition cash flows | (6,920) | (6,266)
Total cash flows | 41,461 | 41,260
Allocation from assets for insurance acquisition cash flows to groups of insurance contracts | (152) | (146)
Acquisition cash flows incurred in the year | 0 | 0
Movements related to insurance contract liabilities for account of segregated fund holders | 3,927 | (20,620)
Net closing balance | 464,987 | 446,538
Closing insurance contract assets | (201) | (659)
Closing insurance contract liabilities | 351,045 | 336,981
Closing insurance contract liabilities for account of segregated fund holders | 114,143 | 110,216
Net closing balance | 464,987 | 446,538
Insurance Contracts Issued [Member] | Loss component [Member] |  |
Disclosure of reconciliation of changes in insurance contracts by remaining coverage and incurred claims [line items] |  |
Opening insurance contract assets | 0 | 0
Opening insurance contract liabilities | 1,328 | 303
Opening insurance contract liabilities for account of segregated fund holders | 0 | 0
Net opening balance | 1,328 | 303
Insurance revenue [abstract] |  |
Expected incurred claims and other insurance service result | 0 | 0
Change in risk adjustment for non-financial risk expired | 0 | 0
CSM recognized for services provided | 0 | 0
Recovery of insurance acquisition cash flows | 0 | 0
Contracts under PAA | 0 | 0
Insurance revenue | 0 | 0
Insurance service expense [abstract] |  |
Incurred claims and other insurance service expenses | (320) | 233
Losses and reversal of losses on onerous contracts (future service) | 90 | 742
Changes to liabilities for incurred claims (past service) | 0 | 0
Amortization of insurance acquisition cash flows | 0 | 0
Net impairment of assets for insurance acquisition cash flows | 0 | 0
Increase (decrease) through insurance service expenses, insurance contracts liability (asset) | (230) | 975
Investment components and premium refunds | 0 | 0
Insurance service result | (230) | 975
Insurance finance (income) expenses | 32 | 9
Effects of movements in foreign exchange rates | (38) | 41
Total changes in income and OCI | (236) | 1,025
Cash flows |  |
Premiums and premium tax received | 0 | 0
Claims and other insurance service expenses paid, including investment components | 0 | 0
Insurance acquisition cash flows | 0 | 0
Total cash flows | 0 | 0
Allocation from assets for insurance acquisition cash flows to groups of insurance contracts | 0 | 0
Acquisition cash flows incurred in the year | 0 | 0
Movements related to insurance contract liabilities for account of segregated fund holders | 0 | 0
Net closing balance | 1,092 | 1,328
Closing insurance contract assets | 0 | 0
Closing insurance contract liabilities | 1,092 | 1,328
Closing insurance contract liabilities for account of segregated fund holders | 0 | 0
Net closing balance | 1,092 | 1,328
Insurance Contracts Issued [Member] | Liabilities for incurred claims [Member] | Products not under PAA [Member] |  |
Disclosure of reconciliation of changes in insurance contracts by remaining coverage and incurred claims [line items] |  |
Opening insurance contract assets | 7 | 60
Opening insurance contract liabilities | 5,857 | 4,342
Opening insurance contract liabilities for account of segregated fund holders | 0 | 0
Net opening balance | 5,864 | 4,402
Insurance revenue [abstract] |  |
Expected incurred claims and other insurance service result | 0 | 0
Change in risk adjustment for non-financial risk expired | 0 | 0
CSM recognized for services provided | 0 | 0
Recovery of insurance acquisition cash flows | 0 | 0
Contracts under PAA | 0 | 0
Insurance revenue | 0 | 0
Insurance service expense [abstract] |  |
Incurred claims and other insurance service expenses | 13,446 | 12,775
Losses and reversal of losses on onerous contracts (future service) | 0 | 0
Changes to liabilities for incurred claims (past service) | (31) | (41)
Amortization of insurance acquisition cash flows | 0 | 0
Net impairment of assets for insurance acquisition cash flows | 0 | 0
Increase (decrease) through insurance service expenses, insurance contracts liability (asset) | 13,415 | 12,734
Investment components and premium refunds | 17,148 | 16,514
Insurance service result | 30,563 | 29,248
Insurance finance (income) expenses | 15 | 753
Effects of movements in foreign exchange rates | (71) | 136
Total changes in income and OCI | 30,507 | 30,137
Cash flows |  |
Premiums and premium tax received | 0 | 0
Claims and other insurance service expenses paid, including investment components | (30,706) | (28,675)
Insurance acquisition cash flows | 0 | 0
Total cash flows | (30,706) | (28,675)
Allocation from assets for insurance acquisition cash flows to groups of insurance contracts | 0 | 0
Acquisition cash flows incurred in the year | 0 | 0
Movements related to insurance contract liabilities for account of segregated fund holders | 0 | 0
Net closing balance | 5,665 | 5,864
Closing insurance contract assets | 56 | 7
Closing insurance contract liabilities | 5,609 | 5,857
Closing insurance contract liabilities for account of segregated fund holders | 0 | 0
Net closing balance | 5,665 | 5,864
Insurance Contracts Issued [Member] | Liabilities for incurred claims [Member] | PAA [Member] | Estimates of PV of future cash flows [Member] |  |
Disclosure of reconciliation of changes in insurance contracts by remaining coverage and incurred claims [line items] |  |
Opening insurance contract assets | (12) | 27
Opening insurance contract liabilities | 10,877 | 12,230
Opening insurance contract liabilities for account of segregated fund holders | 0 | 0
Net opening balance | 10,865 | 12,257
Insurance revenue [abstract] |  |
Expected incurred claims and other insurance service result | 0 | 0
Change in risk adjustment for non-financial risk expired | 0 | 0
CSM recognized for services provided | 0 | 0
Recovery of insurance acquisition cash flows | 0 | 0
Contracts under PAA | 0 | 0
Insurance revenue | 0 | 0
Insurance service expense [abstract] |  |
Incurred claims and other insurance service expenses | 6,136 | 5,982
Losses and reversal of losses on onerous contracts (future service) | 0 | 0
Changes to liabilities for incurred claims (past service) | (1,605) | (1,554)
Amortization of insurance acquisition cash flows | 0 | 0
Net impairment of assets for insurance acquisition cash flows | 0 | 0
Increase (decrease) through insurance service expenses, insurance contracts liability (asset) | 4,531 | 4,428
Investment components and premium refunds | 1,932 | 1,708
Insurance service result | 6,463 | 6,136
Insurance finance (income) expenses | 848 | (1,229)
Effects of movements in foreign exchange rates | (12) | 12
Total changes in income and OCI | 7,299 | 4,919
Cash flows |  |
Premiums and premium tax received | 0 | 0
Claims and other insurance service expenses paid, including investment components | (7,719) | (6,311)
Insurance acquisition cash flows | 0 | 0
Total cash flows | (7,719) | (6,311)
Allocation from assets for insurance acquisition cash flows to groups of insurance contracts | 0 | 0
Acquisition cash flows incurred in the year | 0 | 0
Movements related to insurance contract liabilities for account of segregated fund holders | 0 | 0
Net closing balance | 10,445 | 10,865
Closing insurance contract assets | 0 | (12)
Closing insurance contract liabilities | 10,445 | 10,877
Closing insurance contract liabilities for account of segregated fund holders | 0 | 0
Net closing balance | 10,445 | 10,865
Insurance Contracts Issued [Member] | Liabilities for incurred claims [Member] | PAA [Member] | Risk adjustment for non-financial risk [Member] |  |
Disclosure of reconciliation of changes in insurance contracts by remaining coverage and incurred claims [line items] |  |
Opening insurance contract assets | 0 | 0
Opening insurance contract liabilities | 602 | 689
Opening insurance contract liabilities for account of segregated fund holders | 0 | 0
Net opening balance | 602 | 689
Insurance revenue [abstract] |  |
Expected incurred claims and other insurance service result | 0 | 0
Change in risk adjustment for non-financial risk expired | 0 | 0
CSM recognized for services provided | 0 | 0
Recovery of insurance acquisition cash flows | 0 | 0
Contracts under PAA | 0 | 0
Insurance revenue | 0 | 0
Insurance service expense [abstract] |  |
Incurred claims and other insurance service expenses | 254 | 266
Losses and reversal of losses on onerous contracts (future service) | 0 | 0
Changes to liabilities for incurred claims (past service) | (242) | (353)
Amortization of insurance acquisition cash flows | 0 | 0
Net impairment of assets for insurance acquisition cash flows | 0 | 0
Increase (decrease) through insurance service expenses, insurance contracts liability (asset) | 12 | (87)
Investment components and premium refunds | 0 | 0
Insurance service result | 12 | (87)
Insurance finance (income) expenses | 11 | 0
Effects of movements in foreign exchange rates | 0 | 0
Total changes in income and OCI | 23 | (87)
Cash flows |  |
Premiums and premium tax received | 0 | 0
Claims and other insurance service expenses paid, including investment components | 0 | 0
Insurance acquisition cash flows | 0 | 0
Total cash flows | 0 | 0
Allocation from assets for insurance acquisition cash flows to groups of insurance contracts | 0 | 0
Acquisition cash flows incurred in the year | 0 | 0
Movements related to insurance contract liabilities for account of segregated fund holders | 0 | 0
Net closing balance | 625 | 602
Closing insurance contract assets | 0 | 0
Closing insurance contract liabilities | 625 | 602
Closing insurance contract liabilities for account of segregated fund holders | 0 | 0
Net closing balance | 625 | 602
Insurance Contracts Issued [Member] | Liabilities for incurred claims [Member] | PAA [Member] | Assets for insurance acquisition cash flows [Member] |  |
Disclosure of reconciliation of changes in insurance contracts by remaining coverage and incurred claims [line items] |  |
Opening insurance contract assets | (9) | (217)
Opening insurance contract liabilities | (796) | (528)
Opening insurance contract liabilities for account of segregated fund holders | 0 | 0
Net opening balance | (805) | (745)
Insurance revenue [abstract] |  |
Expected incurred claims and other insurance service result | 0 | 0
Change in risk adjustment for non-financial risk expired | 0 | 0
CSM recognized for services provided | 0 | 0
Recovery of insurance acquisition cash flows | 0 | 0
Contracts under PAA | 0 | 0
Insurance revenue | 0 | 0
Insurance service expense [abstract] |  |
Incurred claims and other insurance service expenses | 0 | 0
Losses and reversal of losses on onerous contracts (future service) | 0 | 0
Changes to liabilities for incurred claims (past service) | 0 | 0
Amortization of insurance acquisition cash flows | 0 | 0
Net impairment of assets for insurance acquisition cash flows | 0 | 0
Increase (decrease) through insurance service expenses, insurance contracts liability (asset) | 0 | 0
Investment components and premium refunds | 0 | 0
Insurance service result | 0 | 0
Insurance finance (income) expenses | 0 | 0
Effects of movements in foreign exchange rates | 7 | (14)
Total changes in income and OCI | 7 | (14)
Cash flows |  |
Premiums and premium tax received | 0 | 0
Claims and other insurance service expenses paid, including investment components | 0 | 0
Insurance acquisition cash flows | 0 | 0
Total cash flows | 0 | 0
Allocation from assets for insurance acquisition cash flows to groups of insurance contracts | 152 | 146
Acquisition cash flows incurred in the year | (174) | (192)
Movements related to insurance contract liabilities for account of segregated fund holders | 0 | 0
Net closing balance | (820) | (805)
Closing insurance contract assets | 0 | (9)
Closing insurance contract liabilities | (820) | (796)
Closing insurance contract liabilities for account of segregated fund holders | 0 | 0
Net closing balance | $ (820) | $ (805)

X
- Definition The amount of insurance acquisition cash flows that are assets, recognised for insurance acquisition cash flows paid (or insurance acquisition cash flows for which a liability has been recognised applying another IFRS Standard) before the related group of insurance contracts is recognised. Insurance acquisition cash flows are cash flows arising from the costs of selling, underwriting and starting a group of insurance contracts (issued or expected to be issued) that are directly attributable to the portfolio of insurance contracts to which the group belongs. Such cash flows include cash flows that are not directly attributable to individual contracts or groups of insurance contracts within the portfolio. [Refer: Assets; Insurance contracts [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 17 -IssueDate 2023-01-01 -Paragraph 105A -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=17&code=ifrs-tx-2023-en-r&anchor=para_105A&doctype=Standard -URIDate 2023-03-23 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 17 -IssueDate 2023-01-01 -Paragraph 109A -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=17&code=ifrs-tx-2023-en-r&anchor=para_109A&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_AssetsForInsuranceAcquisitionCashFlows
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

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_DisclosureOfReconciliationOfChangesInInsuranceContractsByRemainingCoverageAndIncurredClaimsLineItems
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The amount of exchange differences recognised in profit or loss that arise from foreign currency transactions, excluding those arising on financial instruments measured at fair value through profit or loss in accordance with IFRS 9. [Refer: At fair value [member]; Financial instruments, class [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 21 -IssueDate 2023-01-01 -Paragraph 52 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=21&code=ifrs-tx-2023-en-r&anchor=para_52_a&doctype=Standard -URIDate 2023-03-23 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2023-01-01 -Paragraph 35 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_35&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The increase (decrease) in assets for insurance acquisition cash flows. [Refer: Assets; Insurance contracts [member]; Assets for insurance acquisition cash flows] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 17 -IssueDate 2023-01-01 -Paragraph 105A -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=17&code=ifrs-tx-2023-en-r&anchor=para_105A&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_IncreaseDecreaseInAssetsForInsuranceAcquisitionCashFlows
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The increase (decrease) in insurance contracts liability (asset). [Refer: Insurance contracts liability (asset)] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IFRS -Number 17 -IssueDate 2023-01-01 -Paragraph 99 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=17&code=ifrs-tx-2023-en-r&anchor=para_99&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_IncreaseDecreaseInInsuranceContractsLiabilityAsset
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The increase (decrease) in insurance contracts liability (asset) resulting from amortisation of insurance acquisition cash flows. [Refer: Insurance contracts liability (asset); Increase (decrease) through insurance acquisition cash flows, insurance contracts liability (asset)] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 17 -IssueDate 2023-01-01 -Paragraph 103 -Subparagraph b -Clause ii -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=17&code=ifrs-tx-2023-en-r&anchor=para_103_b_ii&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_IncreaseDecreaseThroughAmortisationOfInsuranceAcquisitionCashFlowsInsuranceContractsLiabilityAsset
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The increase (decrease) in insurance contracts liability (asset) resulting from cash flows. [Refer: Insurance contracts liability (asset)] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 17 -IssueDate 2023-01-01 -Paragraph 105 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=17&code=ifrs-tx-2023-en-r&anchor=para_105_a&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_IncreaseDecreaseThroughCashFlowsInsuranceContractsLiabilityAsset
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- References No definition available. + Details
Name: | ifrs-full_IncreaseDecreaseThroughCashFlowsInsuranceContractsLiabilityAssetAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The increase (decrease) in insurance contracts liability (asset) resulting from changes that relate to future service. [Refer: Insurance contracts liability (asset)] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 17 -IssueDate 2023-01-01 -Paragraph 103 -Subparagraph b -Clause iv -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=17&code=ifrs-tx-2023-en-r&anchor=para_103_b_iv&doctype=Standard -URIDate 2023-03-23 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 17 -IssueDate 2023-01-01 -Paragraph 104 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=17&code=ifrs-tx-2023-en-r&anchor=para_104_a&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_IncreaseDecreaseThroughChangesThatRelateToFutureServiceInsuranceContractsLiabilityAsset
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The increase (decrease) in insurance contracts liability (asset) resulting from changes that relate to past service, ie changes in fulfilment cash flows relating to incurred claims. [Refer: Insurance contracts liability (asset)] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 17 -IssueDate 2023-01-01 -Paragraph 103 -Subparagraph b -Clause iii -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=17&code=ifrs-tx-2023-en-r&anchor=para_103_b_iii&doctype=Standard -URIDate 2023-03-23 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 17 -IssueDate 2023-01-01 -Paragraph 104 -Subparagraph c -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=17&code=ifrs-tx-2023-en-r&anchor=para_104_c&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_IncreaseDecreaseThroughChangesThatRelateToPastServiceInsuranceContractsLiabilityAsset
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The increase (decrease) in insurance contracts liability (asset) resulting from incurred claims and other incurred insurance service expenses. [Refer: Insurance contracts liability (asset)] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 17 -IssueDate 2023-01-01 -Paragraph 103 -Subparagraph b -Clause i -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=17&code=ifrs-tx-2023-en-r&anchor=para_103_b_i&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_IncreaseDecreaseThroughIncurredClaimsAndOtherIncurredInsuranceServiceExpensesInsuranceContractsLiabilityAsset
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The increase (decrease) in insurance contracts liability (asset) resulting from incurred claims paid and other insurance service expenses paid for insurance contracts issued, excluding insurance acquisition cash flows. [Refer: Insurance contracts liability (asset); Increase (decrease) through insurance acquisition cash flows, insurance contracts liability (asset)] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 17 -IssueDate 2023-01-01 -Paragraph 105 -Subparagraph a -Clause iii -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=17&code=ifrs-tx-2023-en-r&anchor=para_105_a_iii&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_IncreaseDecreaseThroughIncurredClaimsPaidAndOtherInsuranceServiceExpensesPaidForInsuranceContractsIssuedExcludingInsuranceAcquisitionCashFlowsInsuranceContractsLiabilityAsset
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The increase (decrease) in insurance contracts liability (asset) resulting from insurance acquisition cash flows. Insurance acquisition cash flows are cash flows arising from the costs of selling, underwriting and starting a group of insurance contracts (issued or expected to be issued) that are directly attributable to the portfolio of insurance contracts to which the group belongs. Such cash flows include cash flows that are not directly attributable to individual contracts or groups of insurance contracts within the portfolio. [Refer: Insurance contracts liability (asset)] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 17 -IssueDate 2023-01-01 -Paragraph 105 -Subparagraph a -Clause ii -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=17&code=ifrs-tx-2023-en-r&anchor=para_105_a_ii&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_IncreaseDecreaseThroughInsuranceAcquisitionCashFlowsInsuranceContractsLiabilityAsset
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The increase (decrease) in insurance contracts liability (asset) resulting from insurance finance income or expenses. [Refer: Insurance contracts liability (asset); Insurance finance income (expenses)] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 17 -IssueDate 2023-01-01 -Paragraph 105 -Subparagraph c -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=17&code=ifrs-tx-2023-en-r&anchor=para_105_c&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_IncreaseDecreaseThroughInsuranceFinanceIncomeOrExpensesInsuranceContractsLiabilityAsset
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The increase (decrease) in insurance contracts liability (asset) resulting from insurance service expenses. [Refer: Insurance contracts liability (asset)] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 17 -IssueDate 2023-01-01 -Paragraph 103 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=17&code=ifrs-tx-2023-en-r&anchor=para_103_b&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_IncreaseDecreaseThroughInsuranceServiceExpensesInsuranceContractsLiabilityAsset
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- References No definition available. + Details
Name: | ifrs-full_IncreaseDecreaseThroughInsuranceServiceExpensesInsuranceContractsLiabilityAssetAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The increase (decrease) in insurance contracts liability (asset) resulting from insurance service result. [Refer: Insurance contracts liability (asset); Insurance service result] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 17 -IssueDate 2023-01-01 -Paragraph 103 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=17&code=ifrs-tx-2023-en-r&anchor=para_103&doctype=Standard -URIDate 2023-03-23 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 17 -IssueDate 2023-01-01 -Paragraph 104 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=17&code=ifrs-tx-2023-en-r&anchor=para_104&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_IncreaseDecreaseThroughInsuranceServiceResultInsuranceContractsLiabilityAsset
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The increase (decrease) in insurance contracts liability (asset) resulting from investment components excluded from insurance revenue and insurance service expenses (combined with refunds of premiums unless refunds of premiums are presented as part of the cash flows in the period described in paragraph 105(a)(i) of IFRS 17). [Refer: Description of approach used to determine investment components; Insurance contracts liability (asset)] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 17 -IssueDate 2023-01-01 -Paragraph 103 -Subparagraph c -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=17&code=ifrs-tx-2023-en-r&anchor=para_103_c&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_IncreaseDecreaseThroughInvestmentComponentsExcludedFromInsuranceRevenueAndInsuranceServiceExpensesInsuranceContractsLiabilityAsset
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The increase (decrease) in insurance contracts liability (asset) resulting from premiums received for insurance contracts issued. [Refer: Insurance contracts liability (asset)] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 17 -IssueDate 2023-01-01 -Paragraph 105 -Subparagraph a -Clause i -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=17&code=ifrs-tx-2023-en-r&anchor=para_105_a_i&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_IncreaseDecreaseThroughPremiumsReceivedForInsuranceContractsIssuedInsuranceContractsLiabilityAsset
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The amount of insurance contracts liability (asset). [Refer: Assets; Liabilities; Insurance contracts [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 17 -IssueDate 2023-01-01 -Paragraph 99 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=17&code=ifrs-tx-2023-en-r&anchor=para_99_b&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_InsuranceContractsLiabilityAsset
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The amount of insurance contracts that are assets. [Refer: Assets; Insurance contracts [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 17 -IssueDate 2023-01-01 -Paragraph 99 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=17&code=ifrs-tx-2023-en-r&anchor=para_99_b&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_InsuranceContractsThatAreAssets
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The amount of insurance contracts that are liabilities. [Refer: Liabilities; Insurance contracts [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 17 -IssueDate 2023-01-01 -Paragraph 99 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=17&code=ifrs-tx-2023-en-r&anchor=para_99_b&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_InsuranceContractsThatAreLiabilities
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The amount that comprises the change in the carrying amount of the group of insurance contracts arising from: (a) the effect of the time value of money and changes in the time value of money; and (b) the effect of financial risk and changes in financial risk; but (c) excluding any such changes for groups of insurance contracts with direct participation features that would adjust the contractual service margin but do not do so when applying paragraphs 45(b)(ii), 45(b)(iii), 45(c)(ii) or 45(c)(iii) of IFRS 17. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 17 -IssueDate 2023-01-01 -Paragraph 110 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=17&code=ifrs-tx-2023-en-r&anchor=para_110&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_InsuranceFinanceIncomeExpenses
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The amount of revenue arising from the groups of insurance contracts issued. Insurance revenue shall depict the provision of services arising from the group of insurance contracts at an amount that reflects the consideration to which the entity expects to be entitled in exchange for those services. [Refer: Insurance contracts issued [member]; Revenue] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 17 -IssueDate 2023-01-01 -Paragraph 80 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=17&code=ifrs-tx-2023-en-r&anchor=para_80_a&doctype=Standard -URIDate 2023-03-23 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 17 -IssueDate 2023-01-01 -Paragraph 106 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=17&code=ifrs-tx-2023-en-r&anchor=para_106&doctype=Standard -URIDate 2023-03-23 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2023-01-01 -Paragraph 82 -Subparagraph a -Clause ii -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_82_a_ii&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_InsuranceRevenue
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- References No definition available. + Details
Name: | ifrs-full_InsuranceRevenueAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The amount of insurance revenue recognised in the period related to the allocation of the portion of the premiums that relate to the recovery of insurance acquisition cash flows. [Refer: Insurance revenue; Increase (decrease) through insurance acquisition cash flows, insurance contracts liability (asset)] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 17 -IssueDate 2023-01-01 -Paragraph 106 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=17&code=ifrs-tx-2023-en-r&anchor=para_106_b&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_InsuranceRevenueAllocationOfPortionOfPremiumsThatRelateToRecoveryOfInsuranceAcquisitionCashFlows
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The amount of insurance revenue recognised in the period related to the change in the risk adjustment for non-financial risk, as specified in paragraph B124(b) of IFRS 17. [Refer: Insurance revenue; Risk adjustment for non-financial risk [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 17 -IssueDate 2023-01-01 -Paragraph 106 -Subparagraph a -Clause ii -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=17&code=ifrs-tx-2023-en-r&anchor=para_106_a_ii&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_InsuranceRevenueChangeInRiskAdjustmentForNonfinancialRisk
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The amount of insurance revenue recognised in the period related to the contractual service margin recognised in profit or loss because of the transfer of insurance contract services in the period, as specified in paragraph B124(c) of IFRS 17. [Refer: Insurance revenue; Contractual service margin [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 17 -IssueDate 2023-01-01 -Paragraph 106 -Subparagraph a -Clause iii -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=17&code=ifrs-tx-2023-en-r&anchor=para_106_a_iii&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_InsuranceRevenueContractualServiceMarginRecognisedInProfitOrLossBecauseOfTransferOfServices
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The amount of insurance revenue recognised in the period related to the insurance service expenses incurred during the period measured at the amounts expected at the beginning of the period, as specified in paragraph B124(a) of IFRS 17. [Refer: Insurance revenue; Insurance service expenses from insurance contracts issued] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 17 -IssueDate 2023-01-01 -Paragraph 106 -Subparagraph a -Clause i -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=17&code=ifrs-tx-2023-en-r&anchor=para_106_a_i&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_InsuranceRevenueInsuranceServiceExpensesIncurredDuringPeriodMeasuredAtAmountsExpectedAtBeginningOfPeriod
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The amount of insurance revenue recognised in the period related to other amounts, if any, for example experience adjustments for premium receipts other than those that relate to future service, as specified in paragraph B124(d) of IFRS 17. [Refer: Insurance revenue] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 17 -IssueDate 2023-01-01 -Paragraph 106 -Subparagraph a -Clause iv -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=17&code=ifrs-tx-2023-en-r&anchor=para_106_a_iv&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_InsuranceRevenueOtherAmounts
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Allocation from assets for insurance acquisition cash flows to groups of insurance contracts. + References No definition available. + Details
Name: | mfc_AllocationFromAssetsForInsuranceAcquisitionCashFlowsToGroupsOfInsuranceContracts
Namespace Prefix: | mfc_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The amount of change recorded in income statement and other comprehensive income represents total changes in insurance contract liability (asset) from insurance revenue, insurance service expense, investment components and premium refunds, insurance finance (income) expense and effects of movements in foreign exchange rates. + References No definition available. + Details
Name: | mfc_EffectOfChangesInIncomeStatementAndOtherComprehensiveIncome
Namespace Prefix: | mfc_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Increase (decrease) in insurance contracts liability (asset) for account of segregated fund holders. + References No definition available. + Details
Name: | mfc_IncreaseDecreaseInInsuranceContractsLiabilityAssetForAccountOfSegregatedFundHolders
Namespace Prefix: | mfc_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Insurance contract liabilities for account of segregated fund holders. + References No definition available. + Details
Name: | mfc_InsuranceContractLiabilitiesForAccountOfSegregatedFundHolders
Namespace Prefix: | mfc_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The amount of reclassification adjustments related to hedges of net investments in foreign operations, before tax. + References No definition available. + Details
Name: | mfc_ReclassificationOnHedgesInForeignOperationBeforeTax
Namespace Prefix: | mfc_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Details
Name: | ifrs-full_DisaggregationOfInsuranceContractsAxis=ifrs-full_InsuranceContractsIssuedMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_InsuranceContractsByComponentsAxis=ifrs-full_EstimatesOfPresentValueOfInsuranceAcquisitionCashFlowsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_TypesOfHedgesAxis=ifrs-full_CashFlowHedgesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_TypesOfHedgesAxis=ifrs-full_FairValueHedgesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_InsuranceContractsByRemainingCoverageAndIncurredClaimsAxis=ifrs-full_NetLiabilitiesOrAssetsForRemainingCoverageExcludingLossComponentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_InsuranceContractsByRemainingCoverageAndIncurredClaimsAxis=ifrs-full_LossComponentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_InsuranceContractsByRemainingCoverageAndIncurredClaimsAxis=ifrs-full_LiabilitiesForIncurredClaimsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | mfc_TypesOfInsuranceContractsOneAxis=ifrs-full_InsuranceContractsOtherThanThoseToWhichPremiumAllocationApproachHasBeenAppliedMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | mfc_TypesOfInsuranceContractsOneAxis=ifrs-full_InsuranceContractsToWhichPremiumAllocationApproachHasBeenAppliedMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_InsuranceContractsByComponentsAxis=ifrs-full_EstimatesOfPresentValueOfFutureCashInflowsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_InsuranceContractsByComponentsAxis=ifrs-full_RiskAdjustmentForNonfinancialRiskMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |