XML 133 R71.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Derivative and Hedging Instruments - Average Rate of Hedging Instruments in Hedge Relationships That Do Not Frequently Reset (Details) - CAD ($) | Dec. 31, 2024 | Dec. 31, 2023
--- | --- | ---
Disclosure of detailed information about hedging instruments [line items] |  |
Nominal amount of hedging instrument | 13,720,000,000 | 9,808,000,000
Inflation risk | Inflation linked insurance liabilities | Interest rate swaps |  |
Disclosure of detailed information about hedging instruments [line items] |  |
Average rate of hedging instrument | 29022.00% | 29013.00%
Nominal amount of hedging instrument | 9,036,000,000 | 8,372,000,000
Foreign exchange risk | Foreign currency assets, CAD/EURO | Foreign currency swaps |  |
Disclosure of detailed information about hedging instruments [line items] |  |
Average rate of hedging instrument | 66.703% |
Nominal amount of hedging instrument | 1,471,000,000 |
Foreign exchange risk | Foreign currency assets, CAD/GBP | Foreign currency swaps |  |
Disclosure of detailed information about hedging instruments [line items] |  |
Average rate of hedging instrument | 56.259% |
Nominal amount of hedging instrument | 549,000,000 |
Foreign exchange risk | Foreign currency assets, CAD/USD | Foreign currency swaps |  |
Disclosure of detailed information about hedging instruments [line items] |  |
Average rate of hedging instrument | 73.009% |
Nominal amount of hedging instrument | 1,639,000,000 |
Foreign exchange risk | Fixed rate liabilities | Foreign currency swaps |  |
Disclosure of detailed information about hedging instruments [line items] |  |
Average rate of hedging instrument |  | 93.503%
Nominal amount of hedging instrument |  | 500,000,000
Foreign exchange and interest rate risk | Floating rate foreign currency liabilities | Foreign currency swaps |  |
Disclosure of detailed information about hedging instruments [line items] |  |
Average rate of hedging instrument | 86.655% | 86.655%
Nominal amount of hedging instrument | 650,000,000 | 650,000,000
Foreign exchange and interest rate risk | Debt securities at fair value through OCI | Foreign currency swaps |  |
Disclosure of detailed information about hedging instruments [line items] |  |
Average rate of hedging instrument | 122.914% | 122.914%
Nominal amount of hedging instrument | 51,000,000 | 46,000,000
Equity risk | Stock-based compensation | Equity contracts |  |
Disclosure of detailed information about hedging instruments [line items] |  |
Average rate of hedging instrument | 3012.00% | 2628.00%
Nominal amount of hedging instrument | 324,000,000 | 240,000,000
Fair value |  |
Disclosure of detailed information about hedging instruments [line items] |  |
Hedging instrument, assets | $ 84,000,000 | $ 63,000,000
Hedging instrument, liabilities | (291,000,000) | (229,000,000)
Fair value, net | (207,000,000) | (166,000,000)
Fair value | Inflation risk | Inflation linked insurance liabilities | Interest rate swaps |  |
Disclosure of detailed information about hedging instruments [line items] |  |
Hedging instrument, assets | 24,000,000 | 20,000,000
Hedging instrument, liabilities | (48,000,000) | (48,000,000)
Fair value, net | (24,000,000) | (28,000,000)
Fair value | Foreign exchange risk | Foreign currency assets, CAD/EURO | Foreign currency swaps |  |
Disclosure of detailed information about hedging instruments [line items] |  |
Hedging instrument, assets | 16,000,000 |
Hedging instrument, liabilities | 0 |
Fair value, net | 16,000,000 |
Fair value | Foreign exchange risk | Foreign currency assets, CAD/GBP | Foreign currency swaps |  |
Disclosure of detailed information about hedging instruments [line items] |  |
Hedging instrument, assets | 22,000,000 |
Hedging instrument, liabilities | 0 |
Fair value, net | 22,000,000 |
Fair value | Foreign exchange risk | Foreign currency assets, CAD/USD | Foreign currency swaps |  |
Disclosure of detailed information about hedging instruments [line items] |  |
Hedging instrument, assets | 9,000,000 |
Hedging instrument, liabilities | (27,000,000) |
Fair value, net | (18,000,000) |
Fair value | Foreign exchange risk | Fixed rate liabilities | Foreign currency swaps |  |
Disclosure of detailed information about hedging instruments [line items] |  |
Hedging instrument, assets |  | 35,000,000
Hedging instrument, liabilities |  | 0
Fair value, net |  | 35,000,000
Fair value | Foreign exchange and interest rate risk | Floating rate foreign currency liabilities | Foreign currency swaps |  |
Disclosure of detailed information about hedging instruments [line items] |  |
Hedging instrument, assets | 0 | 0
Hedging instrument, liabilities | (216,000,000) | (181,000,000)
Fair value, net | (216,000,000) | (181,000,000)
Fair value | Foreign exchange and interest rate risk | Debt securities at fair value through OCI | Foreign currency swaps |  |
Disclosure of detailed information about hedging instruments [line items] |  |
Hedging instrument, assets | 7,000,000 | 5,000,000
Hedging instrument, liabilities | 0 | 0
Fair value, net | 7,000,000 | 5,000,000
Fair value | Equity risk | Stock-based compensation | Equity contracts |  |
Disclosure of detailed information about hedging instruments [line items] |  |
Hedging instrument, assets | 6,000,000 | 3,000,000
Hedging instrument, liabilities | 0 | 0
Fair value, net | $ 6,000,000 | $ 3,000,000
Less than 1 year |  |
Disclosure of detailed information about hedging instruments [line items] |  |
Nominal amount of hedging instrument | 319,000,000 | 598,000,000
Less than 1 year | Inflation risk | Inflation linked insurance liabilities | Interest rate swaps |  |
Disclosure of detailed information about hedging instruments [line items] |  |
Nominal amount of hedging instrument | 92,000,000 | 87,000,000
Less than 1 year | Foreign exchange risk | Foreign currency assets, CAD/EURO | Foreign currency swaps |  |
Disclosure of detailed information about hedging instruments [line items] |  |
Nominal amount of hedging instrument | 0 |
Less than 1 year | Foreign exchange risk | Foreign currency assets, CAD/GBP | Foreign currency swaps |  |
Disclosure of detailed information about hedging instruments [line items] |  |
Nominal amount of hedging instrument | 0 |
Less than 1 year | Foreign exchange risk | Foreign currency assets, CAD/USD | Foreign currency swaps |  |
Disclosure of detailed information about hedging instruments [line items] |  |
Nominal amount of hedging instrument | 165,000,000 |
Less than 1 year | Foreign exchange risk | Fixed rate liabilities | Foreign currency swaps |  |
Disclosure of detailed information about hedging instruments [line items] |  |
Nominal amount of hedging instrument |  | 500,000,000
Less than 1 year | Foreign exchange and interest rate risk | Floating rate foreign currency liabilities | Foreign currency swaps |  |
Disclosure of detailed information about hedging instruments [line items] |  |
Nominal amount of hedging instrument | 0 | 0
Less than 1 year | Foreign exchange and interest rate risk | Debt securities at fair value through OCI | Foreign currency swaps |  |
Disclosure of detailed information about hedging instruments [line items] |  |
Nominal amount of hedging instrument | 42,000,000 | 0
Less than 1 year | Equity risk | Stock-based compensation | Equity contracts |  |
Disclosure of detailed information about hedging instruments [line items] |  |
Nominal amount of hedging instrument | 20,000,000 | 11,000,000
1 to 5 years |  |
Disclosure of detailed information about hedging instruments [line items] |  |
Nominal amount of hedging instrument | 1,563,000,000 | 734,000,000
1 to 5 years | Inflation risk | Inflation linked insurance liabilities | Interest rate swaps |  |
Disclosure of detailed information about hedging instruments [line items] |  |
Nominal amount of hedging instrument | 568,000,000 | 459,000,000
1 to 5 years | Foreign exchange risk | Foreign currency assets, CAD/EURO | Foreign currency swaps |  |
Disclosure of detailed information about hedging instruments [line items] |  |
Nominal amount of hedging instrument | 160,000,000 |
1 to 5 years | Foreign exchange risk | Foreign currency assets, CAD/GBP | Foreign currency swaps |  |
Disclosure of detailed information about hedging instruments [line items] |  |
Nominal amount of hedging instrument | 115,000,000 |
1 to 5 years | Foreign exchange risk | Foreign currency assets, CAD/USD | Foreign currency swaps |  |
Disclosure of detailed information about hedging instruments [line items] |  |
Nominal amount of hedging instrument | 407,000,000 |
1 to 5 years | Foreign exchange risk | Fixed rate liabilities | Foreign currency swaps |  |
Disclosure of detailed information about hedging instruments [line items] |  |
Nominal amount of hedging instrument |  | 0
1 to 5 years | Foreign exchange and interest rate risk | Floating rate foreign currency liabilities | Foreign currency swaps |  |
Disclosure of detailed information about hedging instruments [line items] |  |
Nominal amount of hedging instrument | 0 | 0
1 to 5 years | Foreign exchange and interest rate risk | Debt securities at fair value through OCI | Foreign currency swaps |  |
Disclosure of detailed information about hedging instruments [line items] |  |
Nominal amount of hedging instrument | 9,000,000 | 46,000,000
1 to 5 years | Equity risk | Stock-based compensation | Equity contracts |  |
Disclosure of detailed information about hedging instruments [line items] |  |
Nominal amount of hedging instrument | 304,000,000 | 229,000,000
Over 5 years |  |
Disclosure of detailed information about hedging instruments [line items] |  |
Nominal amount of hedging instrument | 11,838,000,000 | 8,476,000,000
Over 5 years | Inflation risk | Inflation linked insurance liabilities | Interest rate swaps |  |
Disclosure of detailed information about hedging instruments [line items] |  |
Nominal amount of hedging instrument | 8,376,000,000 | 7,826,000,000
Over 5 years | Foreign exchange risk | Foreign currency assets, CAD/EURO | Foreign currency swaps |  |
Disclosure of detailed information about hedging instruments [line items] |  |
Nominal amount of hedging instrument | 1,311,000,000 |
Over 5 years | Foreign exchange risk | Foreign currency assets, CAD/GBP | Foreign currency swaps |  |
Disclosure of detailed information about hedging instruments [line items] |  |
Nominal amount of hedging instrument | 434,000,000 |
Over 5 years | Foreign exchange risk | Foreign currency assets, CAD/USD | Foreign currency swaps |  |
Disclosure of detailed information about hedging instruments [line items] |  |
Nominal amount of hedging instrument | 1,067,000,000 |
Over 5 years | Foreign exchange risk | Fixed rate liabilities | Foreign currency swaps |  |
Disclosure of detailed information about hedging instruments [line items] |  |
Nominal amount of hedging instrument |  | 0
Over 5 years | Foreign exchange and interest rate risk | Floating rate foreign currency liabilities | Foreign currency swaps |  |
Disclosure of detailed information about hedging instruments [line items] |  |
Nominal amount of hedging instrument | 650,000,000 | 650,000,000
Over 5 years | Foreign exchange and interest rate risk | Debt securities at fair value through OCI | Foreign currency swaps |  |
Disclosure of detailed information about hedging instruments [line items] |  |
Nominal amount of hedging instrument | 0 | 0
Over 5 years | Equity risk | Stock-based compensation | Equity contracts |  |
Disclosure of detailed information about hedging instruments [line items] |  |
Nominal amount of hedging instrument | 0 | 0

X
- Definition The average rate of a hedging instrument. [Refer: Hedging instruments [domain]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2024-01-01 -Paragraph 23B -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2024-en-r&anchor=para_23B_b&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_AverageRateOfHedgingInstrument
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:percentItemType
Balance Type: | na
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_DisclosureOfDetailedInformationAboutHedgingInstrumentsLineItems
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The amount of a hedging instrument, recognised as an asset. [Refer: Hedging instruments [domain]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2024-01-01 -Paragraph 24A -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2024-en-r&anchor=para_24A_a&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_HedgingInstrumentAssets
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The amount of a hedging instrument, recognised as a liability. [Refer: Hedging instruments [domain]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2024-01-01 -Paragraph 24A -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2024-en-r&anchor=para_24A_a&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_HedgingInstrumentLiabilities
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The nominal amount of a hedging instrument. [Refer: Hedging instruments [domain]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2024-01-01 -Paragraph 23B -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2024-en-r&anchor=para_23B_a&doctype=Standard -URIDate 2024-03-27 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2024-01-01 -Paragraph 24A -Subparagraph d -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2024-en-r&anchor=para_24A_d&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_NominalAmountOfHedgingInstrument
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:decimalItemType
Balance Type: | na
Period Type: | instant

X
- Definition Hedging Instruments, At Fair Value + References No definition available. + Details
Name: | mfc_HedgingInstrumentsAtFairValue
Namespace Prefix: | mfc_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Details
Name: | ifrs-full_TypesOfRisksAxis=ifrs-full_OtherPriceRiskMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_HedgedItemsAxis=mfc_InflationLinkedInsuranceLiabilitiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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

X
- Details
Name: | ifrs-full_TypesOfRisksAxis=ifrs-full_CurrencyRiskMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_HedgedItemsAxis=mfc_ForeignCurrencyAssetsCanadianDollarPerEuroMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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

X
- Details
Name: | ifrs-full_HedgedItemsAxis=mfc_ForeignCurrencyAssetsCanadianDollarPerPoundSterlingMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_HedgedItemsAxis=mfc_ForeignCurrencyAssetsCanadianDollarPerUSDollarMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_HedgedItemsAxis=mfc_FixedRateLiabilitiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_TypesOfRisksAxis=ifrs-full_MarketRiskMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_HedgedItemsAxis=mfc_FloatingRateForeignCurrencyLiabilitiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_HedgedItemsAxis=mfc_DebtSecuritiesAtFairValueThroughOCIMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_TypesOfRisksAxis=ifrs-full_EquityPriceRiskMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_HedgedItemsAxis=mfc_StockBasedCompensationMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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

X
- Details
Name: | ifrs-full_MeasurementAxis=ifrs-full_AtFairValueMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneYearMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_MaturityAxis=ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_MaturityAxis=ifrs-full_LaterThanFiveYearsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |