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Information Provided in Connection with Investments in Deferred Annuity Contracts and SignatureNotes Issued or Assumed by John Hancock Life Insurance Company (U.S.A.) - Condensed Consolidated Statement of Financial Position (Details) - CAD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Assets    
Invested assets $ 442,497 $ 417,210
Investments in unconsolidated subsidiaries 0 0
Insurance contract assets 102 145
Reinsurance contract held assets 59,015 42,651
Other assets 41,216 38,024
Segregated funds net assets 435,988 377,544
Total assets 978,818 875,574
Liabilities and Equity    
Insurance contract liabilities, excluding those for account of segregated fund holders 396,401 367,996
Reinsurance contract held liabilities 2,669 2,831
Investment contract liabilities 13,498 11,816
Other liabilities 63,141 53,922
Long-term debt 6,629 6,071
Capital instruments 7,532 6,667
Insurance contract liabilities for account of segregated fund holders 126,545 114,143
Investment contract liabilities for account of segregated fund holders 309,443 263,401
Shareholders’ and other equity 50,972 47,039
Participating policyholders’ equity 567 257
Non-controlling interests 1,421 1,431
Total liabilities and equity 978,818 875,574
MFC (Guarantor)    
Assets    
Invested assets 126 86
Investments in unconsolidated subsidiaries 65,350 58,694
Insurance contract assets 0 0
Reinsurance contract held assets 0 0
Other assets 548 329
Segregated funds net assets 0 0
Total assets 66,024 59,109
Liabilities and Equity    
Insurance contract liabilities, excluding those for account of segregated fund holders 0 0
Reinsurance contract held liabilities 0 0
Investment contract liabilities 0 0
Other liabilities 1,539 573
Long-term debt 6,629 6,071
Capital instruments 6,884 5,426
Insurance contract liabilities for account of segregated fund holders 0 0
Investment contract liabilities for account of segregated fund holders 0 0
Shareholders’ and other equity 50,972 47,039
Participating policyholders’ equity 0 0
Non-controlling interests 0 0
Total liabilities and equity 66,024 59,109
JHUSA (Issuer)    
Assets    
Invested assets 112,444 109,433
Investments in unconsolidated subsidiaries 9,393 8,674
Insurance contract assets 0 0
Reinsurance contract held assets 46,811 42,418
Other assets 11,182 8,731
Segregated funds net assets 218,909 188,067
Total assets 398,739 357,323
Liabilities and Equity    
Insurance contract liabilities, excluding those for account of segregated fund holders 148,828 145,589
Reinsurance contract held liabilities 0 0
Investment contract liabilities 5,260 3,487
Other liabilities 8,432 5,869
Long-term debt 0 0
Capital instruments 0 594
Insurance contract liabilities for account of segregated fund holders 58,137 51,719
Investment contract liabilities for account of segregated fund holders 160,772 136,348
Shareholders’ and other equity 17,357 13,773
Participating policyholders’ equity (47) (56)
Non-controlling interests 0 0
Total liabilities and equity 398,739 357,323
Other subsidiaries    
Assets    
Invested assets 330,044 307,930
Investments in unconsolidated subsidiaries 21,510 17,916
Insurance contract assets 177 217
Reinsurance contract held assets 22,440 10,380
Other assets 34,660 32,700
Segregated funds net assets 218,681 191,241
Total assets 627,512 560,384
Liabilities and Equity    
Insurance contract liabilities, excluding those for account of segregated fund holders 258,007 232,972
Reinsurance contract held liabilities 2,669 2,831
Investment contract liabilities 8,854 8,928
Other liabilities 58,333 51,266
Long-term debt 0 0
Capital instruments 648 647
Insurance contract liabilities for account of segregated fund holders 68,408 62,424
Investment contract liabilities for account of segregated fund holders 150,273 128,817
Shareholders’ and other equity 78,285 70,755
Participating policyholders’ equity 614 313
Non-controlling interests 1,421 1,431
Total liabilities and equity 627,512 560,384
Consolidation adjustments    
Assets    
Invested assets (117) (239)
Investments in unconsolidated subsidiaries (96,253) (85,284)
Insurance contract assets (75) (72)
Reinsurance contract held assets (10,236) (10,147)
Other assets (5,174) (3,736)
Segregated funds net assets (1,602) (1,764)
Total assets (113,457) (101,242)
Liabilities and Equity    
Insurance contract liabilities, excluding those for account of segregated fund holders (10,434) (10,565)
Reinsurance contract held liabilities 0 0
Investment contract liabilities (616) (599)
Other liabilities (5,163) (3,786)
Long-term debt 0 0
Capital instruments 0 0
Insurance contract liabilities for account of segregated fund holders 0 0
Investment contract liabilities for account of segregated fund holders (1,602) (1,764)
Shareholders’ and other equity (95,642) (84,528)
Participating policyholders’ equity 0 0
Non-controlling interests 0 0
Total liabilities and equity $ (113,457) $ (101,242)