XML 69 R7.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Consolidated Statements of Changes in Equity - CAD ($) $ in Millions | Total | Preferred shares and other equity | Common shares | Shareholders and other equity holders’ retained earnings | Contributed surplus | Shareholders and other equity holders’ accumulated other comprehensive income (loss) (“AOCI”): | Participating policyholders’ equity | Non-controlling interests
--- | --- | --- | --- | --- | --- | --- | --- | ---
Balance, beginning of year at Dec. 31, 2022 |  | $ 6,660 | $ 22,178 | $ 3,538 | $ 238 | $ 14,261 | $ (77) | $ 1,427
Issued (note 11) |  | 0 |  |  |  |  |  |
Redeemed (note 11) |  | 0 |  |  |  |  |  |
Repurchased (note 11) |  |  | (745) | (850) |  |  |  |
Issued on exercise of stock options and deferred share units |  |  | 94 |  | (18) |  |  |
Stock option expense |  |  |  |  | 2 |  |  |
Net income (loss) attributed to shareholders and other equity holders |  |  |  | 5,103 |  |  |  |
Preferred share dividends and other equity distributions |  |  |  | (303) |  |  |  |
Common share dividends |  |  |  | (2,669) |  |  |  |
Other |  |  |  | 0 |  |  |  |
Change in unrealized foreign exchange gains (losses) on net foreign operations | $ (1,301) |  |  |  |  | (1,117) |  |
Changes in insurance / reinsurance finance income (expenses) | (14,628) |  |  |  |  | (7,222) |  |
Change in unrealized gains (losses) on fair value through OCI investments |  |  |  |  |  | 7,923 |  |
Other changes in OCI attributed to shareholders and other equity holders |  |  |  |  |  | (34) |  |
Net income (loss) attributed to participating policyholders | 360 |  |  |  |  |  | 360 |
Other comprehensive income (losses) attributed to policyholders |  |  |  |  |  |  | (26) |
Net income (loss) attributed to non-controlling interests | 144 |  |  |  |  |  |  | 144
Other comprehensive income (losses) attributed to non-controlling interests |  |  |  |  |  |  |  | (126)
Contributions (distributions and acquisitions), net |  |  |  |  |  |  |  | (14)
Balance, end of year at Dec. 31, 2023 | 48,727 | 6,660 | 21,527 | 4,819 | 222 | 13,811 | 257 | 1,431
Total shareholders and other equity holders’ equity, end of year | 47,039 |  |  |  |  | 47,039 |  |
Issued (note 11) |  | 0 |  |  |  |  |  |
Redeemed (note 11) |  | 0 |  |  |  |  |  |
Repurchased (note 11) |  |  | (990) | (2,282) |  |  |  |
Issued on exercise of stock options and deferred share units |  |  | 144 |  | (18) |  |  |
Stock option expense |  |  |  |  | 0 |  |  |
Net income (loss) attributed to shareholders and other equity holders |  |  |  | 5,385 |  |  |  |
Preferred share dividends and other equity distributions |  |  |  | (311) |  |  |  |
Common share dividends |  |  |  | (2,848) |  |  |  |
Other |  |  |  | 1 |  |  |  |
Change in unrealized foreign exchange gains (losses) on net foreign operations | 3,109 |  |  |  |  | 2,526 |  |
Changes in insurance / reinsurance finance income (expenses) | (15,086) |  |  |  |  | 5,575 |  |
Change in unrealized gains (losses) on fair value through OCI investments |  |  |  |  |  | (3,471) |  |
Other changes in OCI attributed to shareholders and other equity holders |  |  |  |  |  | 222 |  |
Net income (loss) attributed to participating policyholders | 246 |  |  |  |  |  | 246 |
Other comprehensive income (losses) attributed to policyholders |  |  |  |  |  |  | 64 |
Net income (loss) attributed to non-controlling interests | 247 |  |  |  |  |  |  | 247
Other comprehensive income (losses) attributed to non-controlling interests |  |  |  |  |  |  |  | (243)
Contributions (distributions and acquisitions), net |  |  |  |  |  |  |  | (14)
Balance, end of year at Dec. 31, 2024 | 52,960 | $ 6,660 | $ 20,681 | $ 4,764 | $ 204 | 18,663 | $ 567 | $ 1,421
Total shareholders and other equity holders’ equity, end of year | $ 50,972 |  |  |  |  | $ 50,972 |  |

X
- Definition The amount of dividends paid by the entity on ordinary shares. [Refer: Ordinary shares [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 34 -IssueDate 2024-01-01 -Paragraph 16A -Subparagraph f -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=34&code=ifrs-tx-2024-en-r&anchor=para_16A_f&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_DividendsPaidOrdinaryShares
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The amount of residual interest in the assets of the entity after deducting all its liabilities. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 1 -IssueDate 2024-01-01 -Paragraph 24 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=1&code=ifrs-tx-2024-en-r&anchor=para_24_a&doctype=Standard -URIDate 2024-03-27 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 1 -IssueDate 2024-01-01 -Paragraph 32 -Subparagraph a -Clause i -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=1&code=ifrs-tx-2024-en-r&anchor=para_32_a_i&doctype=Standard -URIDate 2024-03-27 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 13 -IssueDate 2024-01-01 -Paragraph 93 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=13&code=ifrs-tx-2024-en-r&anchor=para_93_a&doctype=Standard -URIDate 2024-03-27 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 13 -IssueDate 2024-01-01 -Paragraph 93 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=13&code=ifrs-tx-2024-en-r&anchor=para_93_e&doctype=Standard -URIDate 2024-03-27 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 13 -IssueDate 2024-01-01 -Paragraph 93 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=13&code=ifrs-tx-2024-en-r&anchor=para_93_b&doctype=Standard -URIDate 2024-03-27 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2024-01-01 -Paragraph 55 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2024-en-r&anchor=para_55&doctype=Standard -URIDate 2024-03-27 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2024-01-01 -Paragraph 78 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2024-en-r&anchor=para_78_e&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_Equity
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The amount of equity attributable to the owners of the parent. This specifically excludes non-controlling interest. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2024-01-01 -Paragraph 54 -Subparagraph r -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2024-en-r&anchor=para_54_r&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_EquityAttributableToOwnersOfParent
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The gains (losses) recognised in other comprehensive income on exchange differences on the translation of financial statements of foreign operations, net of tax, before reclassification adjustments. [Refer: Other comprehensive income] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2024-01-01 -Paragraph 91 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2024-en-r&anchor=para_91_a&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The increase (decrease) in equity resulting from share-based payment transactions. [Refer: Equity] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2024-01-01 -Paragraph 106 -Subparagraph d -Clause iii -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2024-en-r&anchor=para_106_d_iii&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The increase (decrease) in equity resulting from changes that the entity does not separately disclose in the same statement or note. [Refer: Equity] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2024-01-01 -Paragraph 106 -Subparagraph d -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2024-en-r&anchor=para_106_d&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_IncreaseDecreaseThroughTransfersAndOtherChangesEquity
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The increase in equity through the issue of equity instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2024-01-01 -Paragraph 106 -Subparagraph d -Clause iii -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2024-en-r&anchor=para_106_d_iii&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_IssueOfEquity
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The amount of other comprehensive income attributable to non-controlling interests. [Refer: Non-controlling interests; Other comprehensive income] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2024-01-01 -Paragraph 85 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2024-en-r&anchor=para_85&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_OtherComprehensiveIncomeAttributableToNoncontrollingInterests
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The profit (loss) from continuing and discontinued operations attributable to non-controlling interests. [Refer: Profit (loss); Non-controlling interests] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 12 -IssueDate 2024-01-01 -Paragraph 12 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2024-en-r&anchor=para_12_e&doctype=Standard -URIDate 2024-03-27 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2024-01-01 -Paragraph 81B -Subparagraph a -Clause i -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2024-en-r&anchor=para_81B_a_i&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_ProfitLossAttributableToNoncontrollingInterests
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Change in unrealized gains (losses) on fair value through OCI investments. + References No definition available. + Details
Name: | mfc_ChangeInUnrealizedGainsLossesOnFairvalueThroughOciInvestments
Namespace Prefix: | mfc_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Changes in insurance / reinsurance finance income (expenses). + References No definition available. + Details
Name: | mfc_ChangesInInsuranceReinsuranceFinanceIncomeExpenses
Namespace Prefix: | mfc_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Contributions net noncontrolling interests. + References No definition available. + Details
Name: | mfc_ContributionsNetNoncontrollingInterests
Namespace Prefix: | mfc_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Increase (Decrease) Through Exercise Of Options And Deferred Share Units + References No definition available. + Details
Name: | mfc_IncreaseDecreaseThroughExerciseOfOptionsAndDeferredShareUnits
Namespace Prefix: | mfc_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Net income (loss) attributed to shareholders and other equity holders. + References No definition available. + Details
Name: | mfc_NetIncomeLossAttributedToShareholdersAndOtherEquityHolders
Namespace Prefix: | mfc_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Other changes in OCI attributed to shareholders and other equity holders. + References No definition available. + Details
Name: | mfc_OtherChangesInOciAttributedToShareholdersAndOtherEquityHolders
Namespace Prefix: | mfc_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Other Comprehensive Loss Attributable To Participating Policyholders + References No definition available. + Details
Name: | mfc_OtherComprehensiveLossAttributableToParticipatingPolicyholders
Namespace Prefix: | mfc_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Preferred Share Dividends And Other Equity Distributions. + References No definition available. + Details
Name: | mfc_PreferredShareDividendsAndOtherEquityDistributions
Namespace Prefix: | mfc_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Profit (Loss) Attributable To Participating Policyholders + References No definition available. + Details
Name: | mfc_ProfitLossAttributableToParticipatingPolicyholders
Namespace Prefix: | mfc_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Redeemed Preferred Shares And Other Equity + References No definition available. + Details
Name: | mfc_RedeemedPreferredSharesAndOtherEquity
Namespace Prefix: | mfc_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Repurchase Of Common Shares + References No definition available. + Details
Name: | mfc_RepurchaseOfCommonShares
Namespace Prefix: | mfc_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration