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Insurance and Reinsurance Contract Assets and Liabilities - Summary of Investment Income And Insurance Finance Income And Expense (Detail) - CAD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Disclosure Of Information About Investment Income And Insurance Finance Income And Expenses [Line Items]    
Investment related income $ 16,180 $ 15,204
Investment expenses 1,297 1,221
Portion recognized in income (expenses), including effects of exchange rates (13,894) (6,616)
Material reconciling items [Member]    
Disclosure Of Information About Investment Income And Insurance Finance Income And Expenses [Line Items]    
Investment related income 16,115 15,964
Net gains (losses) on financial assets at FVTPL 2,682 (14,263)
Unrealized gains (losses) on FVOCI assets 12,230 (55,328)
Impairment loss on financial assets (304) (77)
Investment expenses (1,297) (1,221)
Interest on required surplus 0 0
Total investment return 29,426 (54,925)
Portion recognized in income (expenses) 18,021 337
Portion recognized in OCI 11,405 (55,262)
Interest accreted to insurance contracts using locked-in rate (8,186) (6,434)
Due to changes in interest rates and other financial assumptions (10,987) 62,902
Changes in fair value of underlying items of direct participation contracts (7,384) 9,417
Effects of risk mitigation option 1,267 2,827
Net foreign exchange income (expenses) (80) (95)
Hedge accounting offset from insurance contracts issued (41) 0
Other 237 216
Total insurance finance income (expenses) from insurance contracts issued (24,992) 68,833
Effect of movements in foreign exchange rates (952) (1,674)
Total insurance finance income (expenses) from insurance contracts issued and effect of movement in foreign exchange rates (25,944) 67,159
Portion recognized in income (expenses), including effects of exchange rates (13,894) (6,616)
Portion recognized in OCI, including effects of exchange rates (12,050) 73,775
Interest accreted to insurance contracts using locked-in rate 229 824
Due to changes in interest rates and other financial assumptions 570 (10,151)
Changes in risk of non-performance of reinsurer (15) 96
Other (159) 191
Total reinsurance finance income (expenses) from reinsurance contracts held 625 (9,040)
Effect of movements in foreign exchange rates (120) (16)
Total reinsurance finance income (expenses) from reinsurance contracts held and effect of movement in foreign exchange rates 505 (9,056)
Portion recognized in income (expenses), including effects of foreign exchange rates (734) 309
Portion recognized in OCI, including effects of exchange rates 1,239 (9,365)
Decrease (increase) in investment contract liabilities (435) (399)
Total net investment income (loss), insurance finance income (expenses) and reinsurance finance income (expenses) 3,552 2,779
Amounts recognized in income (expenses) 2,958 (6,369)
Amounts recognized in OCI 594 9,148
Material reconciling items [Member] | Cash flow hedges [Member]    
Disclosure Of Information About Investment Income And Insurance Finance Income And Expenses [Line Items]    
Reclassification of derivative OCI to IFIE (3) 0
Material reconciling items [Member] | Fair value hedges [Member]    
Disclosure Of Information About Investment Income And Insurance Finance Income And Expenses [Line Items]    
Reclassification of derivative income (loss) changes to IFIE 185 0
Asia [Member]    
Disclosure Of Information About Investment Income And Insurance Finance Income And Expenses [Line Items]    
Portion recognized in income (expenses), including effects of exchange rates (6,437) (1,654)
Canada [member]    
Disclosure Of Information About Investment Income And Insurance Finance Income And Expenses [Line Items]    
Portion recognized in income (expenses), including effects of exchange rates (2,633) (74)
U.S. [member]    
Disclosure Of Information About Investment Income And Insurance Finance Income And Expenses [Line Items]    
Portion recognized in income (expenses), including effects of exchange rates (4,844) (4,896)
Insurance and reinsurance contracts [Member]    
Disclosure Of Information About Investment Income And Insurance Finance Income And Expenses [Line Items]    
Effect of movements in foreign exchange rates (9,771) 16,061
Insurance and reinsurance contracts [Member] | Material reconciling items [Member]    
Disclosure Of Information About Investment Income And Insurance Finance Income And Expenses [Line Items]    
Investment related income 13,036 13,991
Net gains (losses) on financial assets at FVTPL 2,176 (14,017)
Unrealized gains (losses) on FVOCI assets 11,212 (46,900)
Impairment loss on financial assets (247) (59)
Investment expenses (540) (464)
Interest on required surplus 521 515
Total investment return 26,158 (46,934)
Portion recognized in income (expenses) 15,830 358
Portion recognized in OCI 10,328 (47,292)
Interest accreted to insurance contracts using locked-in rate (8,214) (6,448)
Due to changes in interest rates and other financial assumptions (11,008) 63,174
Changes in fair value of underlying items of direct participation contracts (7,384) 9,417
Effects of risk mitigation option 1,267 2,827
Net foreign exchange income (expenses) (80) (95)
Hedge accounting offset from insurance contracts issued (41) 0
Other 237 218
Total insurance finance income (expenses) from insurance contracts issued (25,041) 69,093
Effect of movements in foreign exchange rates (952) (1,665)
Total insurance finance income (expenses) from insurance contracts issued and effect of movement in foreign exchange rates (25,993) 67,428
Portion recognized in income (expenses), including effects of exchange rates (13,930) (6,582)
Portion recognized in OCI, including effects of exchange rates (12,063) 74,010
Interest accreted to insurance contracts using locked-in rate 241 832
Due to changes in interest rates and other financial assumptions 598 (10,218)
Changes in risk of non-performance of reinsurer (15) 96
Other (159) 191
Total reinsurance finance income (expenses) from reinsurance contracts held 665 (9,099)
Effect of movements in foreign exchange rates (120) (16)
Total reinsurance finance income (expenses) from reinsurance contracts held and effect of movement in foreign exchange rates 545 (9,115)
Portion recognized in income (expenses), including effects of foreign exchange rates (719) 322
Portion recognized in OCI, including effects of exchange rates 1,264 (9,437)
Decrease (increase) in investment contract liabilities (17) (56)
Total net investment income (loss), insurance finance income (expenses) and reinsurance finance income (expenses) 693 11,323
Amounts recognized in income (expenses) 1,164 (5,958)
Amounts recognized in OCI (471) 17,281
Insurance and reinsurance contracts [Member] | Material reconciling items [Member] | Cash flow hedges [Member]    
Disclosure Of Information About Investment Income And Insurance Finance Income And Expenses [Line Items]    
Reclassification of derivative OCI to IFIE (3) 0
Insurance and reinsurance contracts [Member] | Material reconciling items [Member] | Fair value hedges [Member]    
Disclosure Of Information About Investment Income And Insurance Finance Income And Expenses [Line Items]    
Reclassification of derivative income (loss) changes to IFIE 185 0
Non Insurance [Member] | Material reconciling items [Member]    
Disclosure Of Information About Investment Income And Insurance Finance Income And Expenses [Line Items]    
Investment related income 3,079 1,973 [1]
Net gains (losses) on financial assets at FVTPL 506 (246) [1]
Unrealized gains (losses) on FVOCI assets 1,018 (8,428) [1]
Impairment loss on financial assets (57) (18) [1]
Investment expenses (757) (757) [1]
Interest on required surplus (521) (515) [1]
Total investment return 3,268 (7,991) [1]
Portion recognized in income (expenses) 2,191 (21) [1]
Portion recognized in OCI 1,077 (7,970) [1]
Interest accreted to insurance contracts using locked-in rate 28 14 [1]
Due to changes in interest rates and other financial assumptions 21 (272) [1]
Changes in fair value of underlying items of direct participation contracts 0 0 [1]
Effects of risk mitigation option 0 0 [1]
Net foreign exchange income (expenses) 0 0 [1]
Hedge accounting offset from insurance contracts issued 0 0 [1]
Other 0 (2) [1]
Total insurance finance income (expenses) from insurance contracts issued 49 (260) [1]
Effect of movements in foreign exchange rates 0 (9) [1]
Total insurance finance income (expenses) from insurance contracts issued and effect of movement in foreign exchange rates 49 (269) [1]
Portion recognized in income (expenses), including effects of exchange rates 36 (34) [1]
Portion recognized in OCI, including effects of exchange rates 13 (235) [1]
Interest accreted to insurance contracts using locked-in rate (12) (8) [1]
Due to changes in interest rates and other financial assumptions (28) 67 [1]
Changes in risk of non-performance of reinsurer 0 0 [1]
Other 0 0 [1]
Total reinsurance finance income (expenses) from reinsurance contracts held (40) 59 [1]
Effect of movements in foreign exchange rates 0 0 [1]
Total reinsurance finance income (expenses) from reinsurance contracts held and effect of movement in foreign exchange rates (40) 59 [1]
Portion recognized in income (expenses), including effects of foreign exchange rates (15) (13) [1]
Portion recognized in OCI, including effects of exchange rates (25) 72 [1]
Decrease (increase) in investment contract liabilities (418) (343) [1]
Total net investment income (loss), insurance finance income (expenses) and reinsurance finance income (expenses) 2,859 (8,544) [1]
Amounts recognized in income (expenses) 1,794 (411) [1]
Amounts recognized in OCI 1,065 (8,133) [1]
Non Insurance [Member] | Material reconciling items [Member] | Cash flow hedges [Member]    
Disclosure Of Information About Investment Income And Insurance Finance Income And Expenses [Line Items]    
Reclassification of derivative OCI to IFIE 0 0 [1]
Non Insurance [Member] | Material reconciling items [Member] | Fair value hedges [Member]    
Disclosure Of Information About Investment Income And Insurance Finance Income And Expenses [Line Items]    
Reclassification of derivative income (loss) changes to IFIE 0 0 [1]
Reportable segments [member]    
Disclosure Of Information About Investment Income And Insurance Finance Income And Expenses [Line Items]    
Total investment return 29,426 (54,925)
Portion recognized in income (expenses) 18,021 337
Portion recognized in OCI 11,405 (55,262)
Total insurance finance income (expenses) from insurance contracts issued and effect of movement in foreign exchange rates (25,944) 67,159
Portion recognized in income (expenses), including effects of exchange rates (13,894) (6,616)
Portion recognized in OCI, including effects of exchange rates (12,050) 73,775
Total reinsurance finance income (expenses) from reinsurance contracts held and effect of movement in foreign exchange rates 505 (9,056)
Portion recognized in income (expenses), including effects of foreign exchange rates (734) 309
Portion recognized in OCI, including effects of exchange rates 1,239 (9,365)
Reportable segments [member] | Corporate [member]    
Disclosure Of Information About Investment Income And Insurance Finance Income And Expenses [Line Items]    
Total investment return 30 (10)
Portion recognized in income (expenses) 28 9
Portion recognized in OCI 2 (19)
Total insurance finance income (expenses) from insurance contracts issued and effect of movement in foreign exchange rates 689 157
Portion recognized in income (expenses), including effects of exchange rates 689 158
Portion recognized in OCI, including effects of exchange rates 0 (1)
Total reinsurance finance income (expenses) from reinsurance contracts held and effect of movement in foreign exchange rates (682) (154)
Portion recognized in income (expenses), including effects of foreign exchange rates (682) (154)
Portion recognized in OCI, including effects of exchange rates 0 0
Reportable segments [member] | Insurance and reinsurance contracts [Member] | Asia [Member]    
Disclosure Of Information About Investment Income And Insurance Finance Income And Expenses [Line Items]    
Total investment return 11,770 (12,778)
Portion recognized in income (expenses) 7,095 1,422
Portion recognized in OCI 4,675 (14,200)
Total insurance finance income (expenses) from insurance contracts issued and effect of movement in foreign exchange rates (11,037) 12,878
Portion recognized in income (expenses), including effects of exchange rates (6,436) (1,654)
Portion recognized in OCI, including effects of exchange rates (4,601) 14,532
Total reinsurance finance income (expenses) from reinsurance contracts held and effect of movement in foreign exchange rates 12 (189)
Portion recognized in income (expenses), including effects of foreign exchange rates (105) (63)
Portion recognized in OCI, including effects of exchange rates 117 (126)
Reportable segments [member] | Insurance and reinsurance contracts [Member] | Canada [member]    
Disclosure Of Information About Investment Income And Insurance Finance Income And Expenses [Line Items]    
Total investment return 5,968 (13,299)
Portion recognized in income (expenses) 3,514 (1,967)
Portion recognized in OCI 2,454 (11,332)
Total insurance finance income (expenses) from insurance contracts issued and effect of movement in foreign exchange rates (5,709) 14,512
Portion recognized in income (expenses), including effects of exchange rates (3,315) (219)
Portion recognized in OCI, including effects of exchange rates (2,394) 14,731
Total reinsurance finance income (expenses) from reinsurance contracts held and effect of movement in foreign exchange rates 90 (252)
Portion recognized in income (expenses), including effects of foreign exchange rates 57 (102)
Portion recognized in OCI, including effects of exchange rates 33 (150)
Reportable segments [member] | Insurance and reinsurance contracts [Member] | U.S. [member]    
Disclosure Of Information About Investment Income And Insurance Finance Income And Expenses [Line Items]    
Total investment return 8,390 (20,847)
Portion recognized in income (expenses) 5,193 894
Portion recognized in OCI 3,197 (21,741)
Total insurance finance income (expenses) from insurance contracts issued and effect of movement in foreign exchange rates (9,936) 39,881
Portion recognized in income (expenses), including effects of exchange rates (4,868) (4,867)
Portion recognized in OCI, including effects of exchange rates (5,068) 44,748
Total reinsurance finance income (expenses) from reinsurance contracts held and effect of movement in foreign exchange rates 1,125 (8,520)
Portion recognized in income (expenses), including effects of foreign exchange rates 11 641
Portion recognized in OCI, including effects of exchange rates 1,114 (9,161)
Reportable segments [member] | Non Insurance [Member]    
Disclosure Of Information About Investment Income And Insurance Finance Income And Expenses [Line Items]    
Total investment return [1] 3,268 (7,991)
Portion recognized in income (expenses) [1] 2,191 (21)
Portion recognized in OCI [1] 1,077 (7,970)
Total insurance finance income (expenses) from insurance contracts issued and effect of movement in foreign exchange rates [1] 49 (269)
Portion recognized in income (expenses), including effects of exchange rates [1] 36 (34)
Portion recognized in OCI, including effects of exchange rates [1] 13 (235)
Total reinsurance finance income (expenses) from reinsurance contracts held and effect of movement in foreign exchange rates [1] (40) 59
Portion recognized in income (expenses), including effects of foreign exchange rates [1] (15) (13)
Portion recognized in OCI, including effects of exchange rates [1] $ (25) $ 72
[1] Non-insurance includes consolidations and eliminations of transactions between operating segments.