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Segmented Information (Tables)
 12 Months Ended
Dec. 31, 2024
Segmented Information [Abstract]  
Summary of Results by Segments The following tables present results by reporting segments.
For the year ended December 31, 2024
Asia
Canada
U.S.
Global WAM
Corporate
and Other
Total
Insurance service result
Life, health and property and casualty insurance
$2,228
$1,081
$241
$-
$164
$3,714
Annuities and pensions
(68)
239
116
-
-
287
Total insurance service result
2,160
1,320
357
-
164
4,001
Net investment income (loss)
7,987
5,169
4,962
(655)
1,648
19,111
Insurance finance income (expenses)
Life, health and property and casualty insurance
(5,495)
(3,846)
(5,450)
-
43
(14,748)
Annuities and pensions
(1,839)
196
172
-
-
(1,471)
Total insurance finance income (expenses)
(7,334)
(3,650)
(5,278)
-
43
(16,219)
Reinsurance finance income (expenses)
Life, health and property and casualty insurance
(65)
347
705
-
(2)
985
Annuities and pensions
669
(1)
(520)
-
-
148
Total reinsurance finance income (expenses)
604
346
185
-
(2)
1,133
Decrease (increase) in investment contract liabilities
(9)
(76)
(87)
(327)
(5)
(504)
Net segregated fund investment result
-
-
-
-
-
-
Total investment result
1,248
1,789
(218)
(982)
1,684
3,521
Other revenue
155
294
137
7,439
(437)
7,588
Other expenses
(338)
(677)
(131)
(4,703)
(490)
(6,339)
Interest expenses
(28)
(1,047)
(13)
(7)
(586)
(1,681)
Net income (loss) before income taxes
3,197
1,679
132
1,747
335
7,090
Income tax (expenses) recoveries
(460)
(353)
3
(148)
(254)
(1,212)
Net income (loss)
2,737
1,326
135
1,599
81
5,878
Less net income (loss) attributed to:
Non-controlling interests
241
-
-
2
4
247
Participating policyholders
141
105
-
-
-
246
Net income (loss) attributed to shareholders and other
equity holders
$2,355
$1,221
$135
$1,597
$77
$5,385
Total assets
$209,623
$158,803
$263,736
$305,968
$40,688
$978,818
For the year ended December 31, 2023
Asia
Canada
U.S.
Global WAM
Corporate
and Other
Total
Insurance service result
Life, health and property and casualty insurance
$2,070
$995
$526
$-
$236
$3,827
Annuities and pensions
(129)
198
81
-
-
150
Total insurance service result
1,941
1,193
607
-
236
3,977
Net investment income (loss)
7,057
5,048
5,236
(771)
1,451
18,021
Insurance finance income (expenses)
Life, health and property and casualty insurance
(4,970)
(3,288)
(4,815)
-
723
(12,350)
Annuities and pensions
(1,466)
(27)
(51)
-
-
(1,544)
Total insurance finance income (expenses)
(6,436)
(3,315)
(4,866)
-
723
(13,894)
Reinsurance finance income (expenses)
Life, health and property and casualty insurance
(106)
58
385
-
(697)
(360)
Annuities and pensions
1
(1)
(374)
-
-
(374)
Total reinsurance finance income (expenses)
(105)
57
11
-
(697)
(734)
Decrease (increase) in investment contract liabilities
(38)
(73)
(148)
(175)
(1)
(435)
Net segregated fund investment result
-
-
-
-
-
-
Total investment result
478
1,717
233
(946)
1,476
2,958
Other revenue
67
272
79
6,709
(381)
6,746
Other expenses
(231)
(569)
(153)
(4,252)
(470)
(5,675)
Interest expenses
(11)
(1,004)
(15)
(14)
(510)
(1,554)
Net income (loss) before income taxes
2,244
1,609
751
1,497
351
6,452
Income tax (expenses) recoveries
(440)
(373)
(112)
(198)
278
(845)
Net income (loss)
1,804
1,236
639
1,299
629
5,607
Less net income (loss) attributed to:
Non-controlling interests
141
-
-
2
1
144
Participating policyholders
315
45
-
-
-
360
Net income (loss) attributed to shareholders and other
equity holders
$1,348
$1,191
$639
$1,297
$628
$5,103
Total assets
$177,623
$157,111
$244,659
$257,764
$38,417
$875,574
Summary of Results by Geographic Location The following tables present results by geographical location.
For the year ended December 31, 2024
Asia
Canada
U.S.
Other
Total
Insurance service result
Life, health and property and casualty insurance
$2,230
$1,075
$235
$174
$3,714
Annuities and pensions
(68)
239
116
-
287
Total insurance service result
2,162
1,314
351
174
4,001
Net investment income (loss)
8,052
5,882
5,118
59
19,111
Insurance finance income (expenses)
Life, health and property and casualty insurance
(5,495)
(3,844)
(5,409)
-
(14,748)
Annuities and pensions
(1,839)
196
172
-
(1,471)
Total insurance finance income (expenses)
(7,334)
(3,648)
(5,237)
-
(16,219)
Reinsurance finance income (expenses)
Life, health and property and casualty insurance
(65)
344
706
-
985
Annuities and pensions
669
(1)
(520)
-
148
Total reinsurance finance income (expenses)
604
343
186
-
1,133
Decrease (increase) in investment contract liabilities
(187)
(163)
(149)
(5)
(504)
Net segregated fund investment result
-
-
-
-
-
Total investment result
$1,135
$2,414
$(82)
$54
$3,521
Other revenue
$1,790
$2,325
$3,616
$(143)
$7,588
For the year ended December 31, 2023
Asia
Canada
U.S.
Other
Total
Insurance service result
Life, health and property and casualty insurance
$2,087
$981
$511
$248
$3,827
Annuities and pensions
(128)
198
80
-
150
Total insurance service result
1,959
1,179
591
248
3,977
Net investment income (loss)
7,259
5,724
4,975
63
18,021
Insurance finance income (expenses)
Life, health and property and casualty insurance
(4,971)
(2,606)
(4,793)
20
(12,350)
Annuities and pensions
(1,466)
(27)
(51)
-
(1,544)
Total insurance finance income (expenses)
(6,437)
(2,633)
(4,844)
20
(13,894)
Reinsurance finance income (expenses)
Life, health and property and casualty insurance
(121)
(623)
384
-
(360)
Annuities and pensions
1
(1)
(374)
-
(374)
Total reinsurance finance income (expenses)
(120)
(624)
10
-
(734)
Decrease (increase) in investment contract liabilities
(220)
(130)
(79)
(6)
(435)
Net segregated fund investment result
-
-
-
-
-
Total investment result
$482
$2,337
$62
$77
$2,958
Other revenue
$1,332
$2,147
$3,239
$28
$6,746