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Risk Management - Potential Immediate Impact on Net Income Attributed to Shareholders Arising from Changes to Public Equity Returns (Details) - CAD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Disclosure of credit risk exposure [line items]    
Percentage of equity hedges in the dynamic program offset against hedged variable annuity liability 95.00% 95.00%
-30%    
Disclosure of credit risk exposure [line items]    
Variable annuity and segregated fund guarantees $ (2,050) $ (2,370)
General fund equity investments (1,240) (1,170)
Total underlying sensitivity before hedging (3,290) (3,540)
Impact of macro and dynamic hedge assets 720 880
Net potential impact on net income attributed to shareholders after impact of hedging and before impact of reinsurance (2,570) (2,660)
Impact of reinsurance 1,320 1,470
Net potential impact on net income attributed to shareholders after impact of hedging and reinsurance (1,250) (1,190)
-20%    
Disclosure of credit risk exposure [line items]    
Variable annuity and segregated fund guarantees (1,240) (1,460)
General fund equity investments (820) (770)
Total underlying sensitivity before hedging (2,060) (2,230)
Impact of macro and dynamic hedge assets 430 530
Net potential impact on net income attributed to shareholders after impact of hedging and before impact of reinsurance (1,630) (1,700)
Impact of reinsurance 810 900
Net potential impact on net income attributed to shareholders after impact of hedging and reinsurance (820) (800)
-10%    
Disclosure of credit risk exposure [line items]    
Variable annuity and segregated fund guarantees (560) (670)
General fund equity investments (400) (390)
Total underlying sensitivity before hedging (960) (1,060)
Impact of macro and dynamic hedge assets 190 240
Net potential impact on net income attributed to shareholders after impact of hedging and before impact of reinsurance (770) (820)
Impact of reinsurance 370 420
Net potential impact on net income attributed to shareholders after impact of hedging and reinsurance (400) (400)
+10%    
Disclosure of credit risk exposure [line items]    
Variable annuity and segregated fund guarantees 470 550
General fund equity investments 390 380
Total underlying sensitivity before hedging 860 930
Impact of macro and dynamic hedge assets (150) (190)
Net potential impact on net income attributed to shareholders after impact of hedging and before impact of reinsurance 710 740
Impact of reinsurance (320) (350)
Net potential impact on net income attributed to shareholders after impact of hedging and reinsurance 390 390
+20%    
Disclosure of credit risk exposure [line items]    
Variable annuity and segregated fund guarantees 860 1,010
General fund equity investments 780 760
Total underlying sensitivity before hedging 1,640 1,770
Impact of macro and dynamic hedge assets (260) (340)
Net potential impact on net income attributed to shareholders after impact of hedging and before impact of reinsurance 1,380 1,430
Impact of reinsurance (590) (650)
Net potential impact on net income attributed to shareholders after impact of hedging and reinsurance 790 780
+30%    
Disclosure of credit risk exposure [line items]    
Variable annuity and segregated fund guarantees 1,190 1,390
General fund equity investments 1,180 1,140
Total underlying sensitivity before hedging 2,370 2,530
Impact of macro and dynamic hedge assets (360) (460)
Net potential impact on net income attributed to shareholders after impact of hedging and before impact of reinsurance 2,010 2,070
Impact of reinsurance (830) (910)
Net potential impact on net income attributed to shareholders after impact of hedging and reinsurance $ 1,180 $ 1,160