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Invested Assets and Investment Income - Remaining Term to Maturity (Details) - CAD ($) $ in Millions | Dec. 31, 2024 | Dec. 31, 2023 | Dec. 31, 2022
--- | --- | --- | ---
Disclosure of financial assets [line items] |  |  |
Cash and short-term securities | $ 25,789 | $ 20,338 | $ 19,153
Debt securities | 210,621 | 212,149 |
Public equities | 33,725 | 25,531 |
Mortgages | 54,447 | 52,421 |
Private placements | 49,668 | 45,606 |
Loans to Bank clients | 2,310 | 2,436 |
Real estate | 13,263 | 13,049 |
Other invested assets | 52,674 | 45,680 |
Total invested assets | 442,497 | 417,210 |
Canadian government and agency |  |  |
Disclosure of financial assets [line items] |  |  |
Debt securities | 19,727 | 20,988 |
U.S. government and agency |  |  |
Disclosure of financial assets [line items] |  |  |
Debt securities | 28,654 | 28,478 |
Other government and agency |  |  |
Disclosure of financial assets [line items] |  |  |
Debt securities | 35,470 | 30,666 |
Corporate |  |  |
Disclosure of financial assets [line items] |  |  |
Debt securities | 124,962 | 130,046 |
Mortgage / asset-backed securities |  |  |
Disclosure of financial assets [line items] |  |  |
Debt securities | 1,808 | 1,971 |
Own use property |  |  |
Disclosure of financial assets [line items] |  |  |
Real estate | 2,674 | 2,591 |
Investment property |  |  |
Disclosure of financial assets [line items] |  |  |
Real estate | 10,589 | 10,458 |
Alternative long-duration assets |  |  |
Disclosure of financial assets [line items] |  |  |
Other invested assets | 47,863 | 41,434 |
Various other |  |  |
Disclosure of financial assets [line items] |  |  |
Other invested assets | 4,811 | 4,246 |
Less than 1 year |  |  |
Disclosure of financial assets [line items] |  |  |
Cash and short-term securities | 25,789 | 20,338 |
Debt securities | 1,266 | 1,294 |
Public equities | 0 | 0 |
Mortgages | 4,741 | 3,363 |
Private placements | 1,534 | 1,418 |
Loans to Bank clients | 47 | 39 |
Total invested assets | 41,607 | 35,105 |
Less than 1 year | Canadian government and agency |  |  |
Disclosure of financial assets [line items] |  |  |
Debt securities | 543 | 657 |
Less than 1 year | U.S. government and agency |  |  |
Disclosure of financial assets [line items] |  |  |
Debt securities | 644 | 297 |
Less than 1 year | Other government and agency |  |  |
Disclosure of financial assets [line items] |  |  |
Debt securities | 372 | 412 |
Less than 1 year | Corporate |  |  |
Disclosure of financial assets [line items] |  |  |
Debt securities | 7,810 | 8,475 |
Less than 1 year | Mortgage / asset-backed securities |  |  |
Disclosure of financial assets [line items] |  |  |
Debt securities | 60 | 106 |
Less than 1 year | Own use property |  |  |
Disclosure of financial assets [line items] |  |  |
Real estate | 0 | 0 |
Less than 1 year | Investment property |  |  |
Disclosure of financial assets [line items] |  |  |
Real estate | 0 | 0 |
Less than 1 year | Alternative long-duration assets |  |  |
Disclosure of financial assets [line items] |  |  |
Other invested assets | 67 | 0 |
Less than 1 year | Various other |  |  |
Disclosure of financial assets [line items] |  |  |
Other invested assets | 0 | 0 |
1 to 3 years |  |  |
Disclosure of financial assets [line items] |  |  |
Cash and short-term securities | 0 | 0 |
Public equities | 0 | 0 |
Mortgages | 11,944 | 12,076 |
Private placements | 5,093 | 3,486 |
Loans to Bank clients | 13 | 23 |
Total invested assets | 37,223 | 34,529 |
1 to 3 years | Canadian government and agency |  |  |
Disclosure of financial assets [line items] |  |  |
Debt securities | 2,282 | 1,435 |
1 to 3 years | U.S. government and agency |  |  |
Disclosure of financial assets [line items] |  |  |
Debt securities | 640 | 725 |
1 to 3 years | Other government and agency |  |  |
Disclosure of financial assets [line items] |  |  |
Debt securities | 1,208 | 1,052 |
1 to 3 years | Corporate |  |  |
Disclosure of financial assets [line items] |  |  |
Debt securities | 15,763 | 15,512 |
1 to 3 years | Mortgage / asset-backed securities |  |  |
Disclosure of financial assets [line items] |  |  |
Debt securities | 260 | 153 |
1 to 3 years | Own use property |  |  |
Disclosure of financial assets [line items] |  |  |
Real estate | 0 | 0 |
1 to 3 years | Investment property |  |  |
Disclosure of financial assets [line items] |  |  |
Real estate | 0 | 0 |
1 to 3 years | Alternative long-duration assets |  |  |
Disclosure of financial assets [line items] |  |  |
Other invested assets | 0 | 67 |
1 to 3 years | Various other |  |  |
Disclosure of financial assets [line items] |  |  |
Other invested assets | 20 | 0 |
3 to 5 years |  |  |
Disclosure of financial assets [line items] |  |  |
Cash and short-term securities | 0 | 0 |
Public equities | 0 | 0 |
Mortgages | 10,478 | 10,181 |
Private placements | 4,986 | 4,704 |
Loans to Bank clients | 3 | 1 |
Total invested assets | 34,789 | 37,970 |
3 to 5 years | Canadian government and agency |  |  |
Disclosure of financial assets [line items] |  |  |
Debt securities | 678 | 1,580 |
3 to 5 years | U.S. government and agency |  |  |
Disclosure of financial assets [line items] |  |  |
Debt securities | 1,473 | 744 |
3 to 5 years | Other government and agency |  |  |
Disclosure of financial assets [line items] |  |  |
Debt securities | 1,056 | 1,892 |
3 to 5 years | Corporate |  |  |
Disclosure of financial assets [line items] |  |  |
Debt securities | 15,817 | 18,548 |
3 to 5 years | Mortgage / asset-backed securities |  |  |
Disclosure of financial assets [line items] |  |  |
Debt securities | 213 | 279 |
3 to 5 years | Own use property |  |  |
Disclosure of financial assets [line items] |  |  |
Real estate | 0 | 0 |
3 to 5 years | Investment property |  |  |
Disclosure of financial assets [line items] |  |  |
Real estate | 0 | 0 |
3 to 5 years | Alternative long-duration assets |  |  |
Disclosure of financial assets [line items] |  |  |
Other invested assets | 85 | 22 |
3 to 5 years | Various other |  |  |
Disclosure of financial assets [line items] |  |  |
Other invested assets | 0 | 19 |
5 to 10 years |  |  |
Disclosure of financial assets [line items] |  |  |
Cash and short-term securities | 0 | 0 |
Public equities | 0 | 0 |
Mortgages | 7,617 | 7,690 |
Private placements | 10,463 | 9,137 |
Loans to Bank clients | 0 | 0 |
Total invested assets | 67,851 | 64,378 |
5 to 10 years | Canadian government and agency |  |  |
Disclosure of financial assets [line items] |  |  |
Debt securities | 3,339 | 3,656 |
5 to 10 years | U.S. government and agency |  |  |
Disclosure of financial assets [line items] |  |  |
Debt securities | 4,699 | 4,504 |
5 to 10 years | Other government and agency |  |  |
Disclosure of financial assets [line items] |  |  |
Debt securities | 3,566 | 3,864 |
5 to 10 years | Corporate |  |  |
Disclosure of financial assets [line items] |  |  |
Debt securities | 33,818 | 33,361 |
5 to 10 years | Mortgage / asset-backed securities |  |  |
Disclosure of financial assets [line items] |  |  |
Debt securities | 450 | 556 |
5 to 10 years | Own use property |  |  |
Disclosure of financial assets [line items] |  |  |
Real estate | 0 | 0 |
5 to 10 years | Investment property |  |  |
Disclosure of financial assets [line items] |  |  |
Real estate | 0 | 0 |
5 to 10 years | Alternative long-duration assets |  |  |
Disclosure of financial assets [line items] |  |  |
Other invested assets | 276 | 82 |
5 to 10 years | Various other |  |  |
Disclosure of financial assets [line items] |  |  |
Other invested assets | 3,623 | 1,528 |
Over 10 years |  |  |
Disclosure of financial assets [line items] |  |  |
Cash and short-term securities | 0 | 0 |
Public equities | 0 | 0 |
Mortgages | 9,876 | 9,644 |
Private placements | 27,500 | 26,790 |
Loans to Bank clients | 0 | 0 |
Total invested assets | 154,487 | 153,699 |
Over 10 years | Canadian government and agency |  |  |
Disclosure of financial assets [line items] |  |  |
Debt securities | 12,885 | 13,660 |
Over 10 years | U.S. government and agency |  |  |
Disclosure of financial assets [line items] |  |  |
Debt securities | 21,198 | 22,208 |
Over 10 years | Other government and agency |  |  |
Disclosure of financial assets [line items] |  |  |
Debt securities | 29,268 | 23,446 |
Over 10 years | Corporate |  |  |
Disclosure of financial assets [line items] |  |  |
Debt securities | 51,754 | 54,100 |
Over 10 years | Mortgage / asset-backed securities |  |  |
Disclosure of financial assets [line items] |  |  |
Debt securities | 825 | 877 |
Over 10 years | Own use property |  |  |
Disclosure of financial assets [line items] |  |  |
Real estate | 0 | 0 |
Over 10 years | Investment property |  |  |
Disclosure of financial assets [line items] |  |  |
Real estate | 0 | 0 |
Over 10 years | Alternative long-duration assets |  |  |
Disclosure of financial assets [line items] |  |  |
Other invested assets | 524 | 732 |
Over 10 years | Various other |  |  |
Disclosure of financial assets [line items] |  |  |
Other invested assets | 657 | 2,242 |
With no specific maturity |  |  |
Disclosure of financial assets [line items] |  |  |
Cash and short-term securities | 0 | 0 |
Public equities | 33,725 | 25,531 |
Mortgages | 9,791 | 9,467 |
Private placements | 92 | 71 |
Loans to Bank clients | 2,247 | 2,373 |
Total invested assets | 106,540 | 91,529 |
With no specific maturity | Canadian government and agency |  |  |
Disclosure of financial assets [line items] |  |  |
Debt securities | 0 | 0 |
With no specific maturity | U.S. government and agency |  |  |
Disclosure of financial assets [line items] |  |  |
Debt securities | 0 | 0 |
With no specific maturity | Other government and agency |  |  |
Disclosure of financial assets [line items] |  |  |
Debt securities | 0 | 0 |
With no specific maturity | Corporate |  |  |
Disclosure of financial assets [line items] |  |  |
Debt securities | 0 | 50 |
With no specific maturity | Mortgage / asset-backed securities |  |  |
Disclosure of financial assets [line items] |  |  |
Debt securities | 0 | 0 |
With no specific maturity | Own use property |  |  |
Disclosure of financial assets [line items] |  |  |
Real estate | 2,674 | 2,591 |
With no specific maturity | Investment property |  |  |
Disclosure of financial assets [line items] |  |  |
Real estate | 10,589 | 10,458 |
With no specific maturity | Alternative long-duration assets |  |  |
Disclosure of financial assets [line items] |  |  |
Other invested assets | 46,911 | 40,531 |
With no specific maturity | Various other |  |  |
Disclosure of financial assets [line items] |  |  |
Other invested assets | $ 511 | $ 457 |

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