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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 Income (Details) - CAD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Insurance service result    
Insurance revenue $ 26,592 $ 23,972
Insurance service expenses (21,822) (19,382)
Net expenses from reinsurance contracts held (769) (613)
Total insurance service result 4,001 3,977
Investment result    
Net investment income (loss) 19,111 18,021
Changes in insurance / reinsurance finance income (expenses) (15,086) (14,628)
Other investment result (504) (435)
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) after income taxes 5,878 5,607
Equity in net income (loss) of unconsolidated subsidiaries 0 0
Net income (loss) 5,878 5,607
Net income (loss) attributed to:    
Non-controlling interests 247 144
Participating policyholders 246 360
Shareholders and other equity holders 5,385 5,103
MFC (Guarantor)    
Insurance service result    
Insurance revenue 0 0
Insurance service expenses 0 0
Net expenses from reinsurance contracts held 0 0
Total insurance service result 0 0
Investment result    
Net investment income (loss) 871 638
Changes in insurance / reinsurance finance income (expenses) 0 0
Other investment result 0 0
Total investment result 871 638
Other revenue (34) 14
Other expenses (45) (55)
Interest expenses (494) (433)
Net income (loss) before income taxes 298 164
Income tax (expenses) recoveries (30) 7
Net income (loss) after income taxes 268 171
Equity in net income (loss) of unconsolidated subsidiaries 5,117 4,932
Net income (loss) 5,385 5,103
Net income (loss) attributed to:    
Non-controlling interests 0 0
Participating policyholders 0 0
Shareholders and other equity holders 5,385 5,103
JHUSA (Issuer)    
Insurance service result    
Insurance revenue 11,022 9,858
Insurance service expenses (10,501) (8,928)
Net expenses from reinsurance contracts held (309) (315)
Total insurance service result 212 615
Investment result    
Net investment income (loss) 4,548 4,232
Changes in insurance / reinsurance finance income (expenses) (3,894) (4,723)
Other investment result (34) 100
Total investment result 620 (391)
Other revenue 853 790
Other expenses (1,209) (1,112)
Interest expenses (19) (79)
Net income (loss) before income taxes 457 (177)
Income tax (expenses) recoveries 52 175
Net income (loss) after income taxes 509 (2)
Equity in net income (loss) of unconsolidated subsidiaries 550 811
Net income (loss) 1,059 809
Net income (loss) attributed to:    
Non-controlling interests 0 0
Participating policyholders 135 (74)
Shareholders and other equity holders 924 883
Other subsidiaries    
Insurance service result    
Insurance revenue 16,654 15,754
Insurance service expenses (12,384) (12,195)
Net expenses from reinsurance contracts held (499) (175)
Total insurance service result 3,771 3,384
Investment result    
Net investment income (loss) 14,880 14,179
Changes in insurance / reinsurance finance income (expenses) (11,022) (9,993)
Other investment result (367) (432)
Total investment result 3,491 3,754
Other revenue 7,257 6,384
Other expenses (5,359) (4,776)
Interest expenses (2,825) (2,281)
Net income (loss) before income taxes 6,335 6,465
Income tax (expenses) recoveries (1,234) (1,027)
Net income (loss) after income taxes 5,101 5,438
Equity in net income (loss) of unconsolidated subsidiaries 1,059 809
Net income (loss) 6,160 6,247
Net income (loss) attributed to:    
Non-controlling interests 247 144
Participating policyholders 246 360
Shareholders and other equity holders 5,667 5,743
Consolidation adjustments    
Insurance service result    
Insurance revenue (1,084) (1,640)
Insurance service expenses 1,063 1,741
Net expenses from reinsurance contracts held 39 (123)
Total insurance service result 18 (22)
Investment result    
Net investment income (loss) (1,188) (1,028)
Changes in insurance / reinsurance finance income (expenses) (170) 88
Other investment result (103) (103)
Total investment result (1,461) (1,043)
Other revenue (488) (442)
Other expenses 274 268
Interest expenses 1,657 1,239
Net income (loss) before income taxes 0 0
Income tax (expenses) recoveries 0 0
Net income (loss) after income taxes 0 0
Equity in net income (loss) of unconsolidated subsidiaries (6,726) (6,552)
Net income (loss) (6,726) (6,552)
Net income (loss) attributed to:    
Non-controlling interests 0 0
Participating policyholders (135) 74
Shareholders and other equity holders $ (6,591) $ (6,626)