XML 100 R38.htm IDEA: XBRL DOCUMENT v3.25.0.1
Investment Contract Liabilities (Tables)
 12 Months Ended
Dec. 31, 2024
Investment Contract Liabilities [Abstract]  
Summary of Movement in Investment Contract Liabilities Measured at Fair Value The following table presents the movement in investment contract liabilities measured at fair value.
For the years ended December 31,
2024
2023
Balance, excluding those for account of segregated fund holders, January 1
$749
$798
New contracts
70
48
Changes in market conditions
67
47
Redemptions, surrenders and maturities
(154)
(122)
Impact of changes in foreign exchange rates
76
(22)
Balance, excluding those for account of segregated fund holders, December 31
808
749
Investment contract liabilities for account of segregated fund holders
309,443
263,401
Balance, December 31
$310,251
$264,150
Summary of Investment Contract Liabilities Measured at Amortized Cost and Fair Value Associated with these Contracts The following table presents carrying and fair values of investment contract liabilities measured at amortized cost, by reporting
segment.
2024
2023
As at December 31,
Amortized cost
Fair value
Amortized cost
Fair value
Asia
$325
$315
$451
$438
Canada
7,571
7,548
7,642
7,534
U.S.
1,406
1,375
1,381
1,440
GWAM
3,388
3,557
1,593
1,582
Investment contract liabilities
$12,690
$12,795
$11,067
$10,994
Summary of Changes in Investment Contract Liabilities Measured at Amortized Cost The following table presents the movement in investment contract liabilities measured at amortized cost, by business activity.
For the years ended December 31,
2024
2023
Balance, January 1
$11,067
$9,281
Policy deposits
3,218
3,365
Interest
316
218
Withdrawals
(2,240)
(1,629)
Fees
-
1
Impact of changes in foreign exchange rates
351
(108)
Other
(22)
(61)
Balance, December 31
$12,690
$11,067
Summary of Contractual Obligations and Commitments Relating to Investment Contracts The following table presents the Company’s contractual obligations and commitments relating to these investment contracts as
at December 31, 2024 and 2023.
Investment contract liabilities(1)
As at December 31,
Payments due by period
Less than
1 year(2)
1 to 3
years
3 to 5
years
Over 5
years
Total
2024
$316,119
$2,766
$1,170
$2,738
$322,793
2023
268,537
2,978
1,408
3,488
276,411
(1)Due to the nature of the products, the timing of net cash flows may be before contract maturity. Cash flows are undiscounted.
(2)Includes amounts which have no specific maturity, being payable on demand.