XML 232 R170.htm IDEA: XBRL DOCUMENT v3.25.0.1
Segmented Information - Reporting Segments (Details) - CAD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Disclosure of operating segments [line items]    
Insurance service result $ 4,001 $ 3,977
Net investment income (loss) 19,111 18,021
Insurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) (16,219) (13,894)
Reinsurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) 1,133 (734)
Decrease (increase) in investment contract liabilities (504) (435)
Net segregated fund investment result 0 0
Total investment result 3,521 2,958
Other revenue 7,588 6,746
Other expenses (6,339) (5,675)
Interest expenses (1,681) (1,554)
Net income (loss) before income taxes 7,090 6,452
Income tax (expenses) recoveries (1,212) (845)
Net income (loss) 5,878 5,607
Non-controlling interests 247 144
Participating policyholders 246 360
Net income (loss) attributed to shareholders 5,385 5,103
Total assets 978,818 875,574
Asia    
Disclosure of operating segments [line items]    
Insurance service result 2,160 1,941
Net investment income (loss) 7,987 7,057
Insurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) (7,334) (6,436)
Reinsurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) 604 (105)
Decrease (increase) in investment contract liabilities (9) (38)
Net segregated fund investment result 0 0
Total investment result 1,248 478
Other revenue 155 67
Other expenses (338) (231)
Interest expenses (28) (11)
Net income (loss) before income taxes 3,197 2,244
Income tax (expenses) recoveries (460) (440)
Net income (loss) 2,737 1,804
Non-controlling interests 241 141
Participating policyholders 141 315
Net income (loss) attributed to shareholders 2,355 1,348
Total assets 209,623 177,623
Canada    
Disclosure of operating segments [line items]    
Insurance service result 1,320 1,193
Net investment income (loss) 5,169 5,048
Insurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) (3,650) (3,315)
Reinsurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) 346 57
Decrease (increase) in investment contract liabilities (76) (73)
Net segregated fund investment result 0 0
Total investment result 1,789 1,717
Other revenue 294 272
Other expenses (677) (569)
Interest expenses (1,047) (1,004)
Net income (loss) before income taxes 1,679 1,609
Income tax (expenses) recoveries (353) (373)
Net income (loss) 1,326 1,236
Non-controlling interests 0 0
Participating policyholders 105 45
Net income (loss) attributed to shareholders 1,221 1,191
Total assets 158,803 157,111
U.S.    
Disclosure of operating segments [line items]    
Insurance service result 357 607
Net investment income (loss) 4,962 5,236
Insurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) (5,278) (4,866)
Reinsurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) 185 11
Decrease (increase) in investment contract liabilities (87) (148)
Net segregated fund investment result 0 0
Total investment result (218) 233
Other revenue 137 79
Other expenses (131) (153)
Interest expenses (13) (15)
Net income (loss) before income taxes 132 751
Income tax (expenses) recoveries 3 (112)
Net income (loss) 135 639
Non-controlling interests 0 0
Participating policyholders 0 0
Net income (loss) attributed to shareholders 135 639
Total assets 263,736 244,659
Global WAM    
Disclosure of operating segments [line items]    
Insurance service result 0 0
Net investment income (loss) (655) (771)
Insurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) 0 0
Reinsurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) 0 0
Decrease (increase) in investment contract liabilities (327) (175)
Net segregated fund investment result 0 0
Total investment result (982) (946)
Other revenue 7,439 6,709
Other expenses (4,703) (4,252)
Interest expenses (7) (14)
Net income (loss) before income taxes 1,747 1,497
Income tax (expenses) recoveries (148) (198)
Net income (loss) 1,599 1,299
Non-controlling interests 2 2
Participating policyholders 0 0
Net income (loss) attributed to shareholders 1,597 1,297
Total assets 305,968 257,764
Corporate and Other    
Disclosure of operating segments [line items]    
Insurance service result 164 236
Net investment income (loss) 1,648 1,451
Insurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) 43 723
Reinsurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) (2) (697)
Decrease (increase) in investment contract liabilities (5) (1)
Net segregated fund investment result 0 0
Total investment result 1,684 1,476
Other revenue (437) (381)
Other expenses (490) (470)
Interest expenses (586) (510)
Net income (loss) before income taxes 335 351
Income tax (expenses) recoveries (254) 278
Net income (loss) 81 629
Non-controlling interests 4 1
Participating policyholders 0 0
Net income (loss) attributed to shareholders 77 628
Total assets 40,688 38,417
Life, health and property and casualty insurance    
Disclosure of operating segments [line items]    
Insurance service result 3,714 3,827
Insurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) (14,748) (12,350)
Reinsurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) 985 (360)
Life, health and property and casualty insurance | Asia    
Disclosure of operating segments [line items]    
Insurance service result 2,228 2,070
Insurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) (5,495) (4,970)
Reinsurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) (65) (106)
Life, health and property and casualty insurance | Canada    
Disclosure of operating segments [line items]    
Insurance service result 1,081 995
Insurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) (3,846) (3,288)
Reinsurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) 347 58
Life, health and property and casualty insurance | U.S.    
Disclosure of operating segments [line items]    
Insurance service result 241 526
Insurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) (5,450) (4,815)
Reinsurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) 705 385
Life, health and property and casualty insurance | Global WAM    
Disclosure of operating segments [line items]    
Insurance service result 0 0
Insurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) 0 0
Reinsurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) 0 0
Life, health and property and casualty insurance | Corporate and Other    
Disclosure of operating segments [line items]    
Insurance service result 164 236
Insurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) 43 723
Reinsurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) (2) (697)
Annuities and pensions    
Disclosure of operating segments [line items]    
Insurance service result 287 150
Insurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) (1,471) (1,544)
Reinsurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) 148 (374)
Annuities and pensions | Asia    
Disclosure of operating segments [line items]    
Insurance service result (68) (129)
Insurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) (1,839) (1,466)
Reinsurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) 669 1
Annuities and pensions | Canada    
Disclosure of operating segments [line items]    
Insurance service result 239 198
Insurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) 196 (27)
Reinsurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) (1) (1)
Annuities and pensions | U.S.    
Disclosure of operating segments [line items]    
Insurance service result 116 81
Insurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) 172 (51)
Reinsurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) (520) (374)
Annuities and pensions | Global WAM    
Disclosure of operating segments [line items]    
Insurance service result 0 0
Insurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) 0 0
Reinsurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) 0 0
Annuities and pensions | Corporate and Other    
Disclosure of operating segments [line items]    
Insurance service result 0 0
Insurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) 0 0
Reinsurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) $ 0 $ 0