XML 118 R56.htm IDEA: XBRL DOCUMENT v3.25.0.1
Invested Assets and Investment Income - Carrying Values and Fair Values of Invested Assets (Details) - CAD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Disclosure of financial assets [line items]      
Cash and short-term securities $ 25,789 $ 20,338 $ 19,153
Debt securities 210,621 212,149  
Public equities 33,725 25,531  
Mortgages 54,447 52,421  
Private placements 49,668 45,606  
Loans to Bank clients 2,310 2,436  
Real estate 13,263 13,049  
Other invested assets 52,674 45,680  
Total invested assets 442,497 417,210  
Less than 1 year      
Disclosure of financial assets [line items]      
Cash and short-term securities 25,789 20,338  
Debt securities 1,266 1,294  
Public equities 0 0  
Mortgages 4,741 3,363  
Private placements 1,534 1,418  
Loans to Bank clients 47 39  
Total invested assets 41,607 35,105  
Not later than ninety days      
Disclosure of financial assets [line items]      
Debt securities 145 1,413  
Total fair value      
Disclosure of financial assets [line items]      
Cash and short-term securities 25,789 20,338  
Public equities 33,725 25,531  
Mortgages 54,812 52,310  
Private placements 49,668 45,606  
Loans to Bank clients 2,285 2,411  
Total invested assets 443,485 417,704  
Canadian government and agency      
Disclosure of financial assets [line items]      
Debt securities 19,727 20,988  
Canadian government and agency | Less than 1 year      
Disclosure of financial assets [line items]      
Debt securities 543 657  
Canadian government and agency | Total fair value      
Disclosure of financial assets [line items]      
Debt securities 19,727 20,988  
U.S. government and agency      
Disclosure of financial assets [line items]      
Debt securities 28,654 28,478  
U.S. government and agency | Less than 1 year      
Disclosure of financial assets [line items]      
Debt securities 644 297  
U.S. government and agency | Total fair value      
Disclosure of financial assets [line items]      
Debt securities 28,366 28,251  
Other government and agency      
Disclosure of financial assets [line items]      
Debt securities 35,470 30,666  
Other government and agency | Less than 1 year      
Disclosure of financial assets [line items]      
Debt securities 372 412  
Other government and agency | Total fair value      
Disclosure of financial assets [line items]      
Debt securities 35,470 30,666  
Corporate      
Disclosure of financial assets [line items]      
Debt securities 124,962 130,046  
Corporate | Less than 1 year      
Disclosure of financial assets [line items]      
Debt securities 7,810 8,475  
Corporate | Total fair value      
Disclosure of financial assets [line items]      
Debt securities 124,762 129,899  
Mortgage / asset-backed securities      
Disclosure of financial assets [line items]      
Debt securities 1,808 1,971  
Mortgage / asset-backed securities | Less than 1 year      
Disclosure of financial assets [line items]      
Debt securities 60 106  
Mortgage / asset-backed securities | Total fair value      
Disclosure of financial assets [line items]      
Debt securities 1,808 1,971  
Own use property      
Disclosure of financial assets [line items]      
Real estate 2,674 2,591  
Own use property | Accumulated depreciation      
Disclosure of financial assets [line items]      
Real estate (65) (57)  
Own use property | Less than 1 year      
Disclosure of financial assets [line items]      
Real estate 0 0  
Own use property | Total fair value      
Disclosure of financial assets [line items]      
Real estate 2,798 2,716  
Own use property | Total fair value | Insurance contracts with direct participating features      
Disclosure of financial assets [line items]      
Real estate 2,500 2,430  
Own use property | Carrying amount | Insurance contracts with direct participating features      
Disclosure of financial assets [line items]      
Real estate 174 161  
Investment property      
Disclosure of financial assets [line items]      
Real estate 10,589 10,458  
Investment property | Less than 1 year      
Disclosure of financial assets [line items]      
Real estate 0 0  
Investment property | Total fair value      
Disclosure of financial assets [line items]      
Real estate 10,589 10,458  
Alternative long-duration assets      
Disclosure of financial assets [line items]      
Other invested assets 47,863 41,434  
Alternative long-duration assets | Private equity investments      
Disclosure of financial assets [line items]      
Carrying value 18,343 15,445  
Alternative long-duration assets | Infrastructure      
Disclosure of financial assets [line items]      
Carrying value 17,804 14,950  
Alternative long-duration assets | Timber and agriculture      
Disclosure of financial assets [line items]      
Carrying value 5,917 5,719  
Alternative long-duration assets | Energy      
Disclosure of financial assets [line items]      
Carrying value 1,916 1,859  
Alternative long-duration assets | Various other      
Disclosure of financial assets [line items]      
Carrying value 3,883 3,461  
Alternative long-duration assets | Less than 1 year      
Disclosure of financial assets [line items]      
Other invested assets 67 0  
Alternative long-duration assets | Total fair value      
Disclosure of financial assets [line items]      
Other invested assets 48,875 42,313  
Various other      
Disclosure of financial assets [line items]      
Other invested assets 4,811 4,246  
Various other | Less than 1 year      
Disclosure of financial assets [line items]      
Other invested assets 0 0  
Various other | Total fair value      
Disclosure of financial assets [line items]      
Other invested assets 4,811 4,246  
SPPI Nonqualifying | Total fair value      
Disclosure of financial assets [line items]      
Debt securities 0 0  
Private placements 132 115  
Other invested assets 547 539  
Change in the fair value of invested assets 25 49  
Cash, cash equivalents and short term securities      
Disclosure of financial assets [line items]      
Short-term securities 10,121 6,162  
Cash equivalents 9,813 7,832  
Other      
Disclosure of financial assets [line items]      
Leveraged leases 4,300 3,790  
FVTPL      
Disclosure of financial assets [line items]      
Cash and short-term securities 25 1  
Public equities 33,725 25,531  
Mortgages 1,239 1,055  
Private placements 866 654  
Loans to Bank clients 0 0  
Total invested assets 74,289 62,038  
FVTPL | Canadian government and agency      
Disclosure of financial assets [line items]      
Debt securities 1,056 1,219  
FVTPL | U.S. government and agency      
Disclosure of financial assets [line items]      
Debt securities 58 1,303  
FVTPL | Other government and agency      
Disclosure of financial assets [line items]      
Debt securities 68 90  
FVTPL | Corporate      
Disclosure of financial assets [line items]      
Debt securities 2,761 2,372  
FVTPL | Mortgage / asset-backed securities      
Disclosure of financial assets [line items]      
Debt securities 17 16  
FVTPL | Own use property      
Disclosure of financial assets [line items]      
Real estate 0 0  
FVTPL | Investment property      
Disclosure of financial assets [line items]      
Real estate 0 0  
FVTPL | Alternative long-duration assets      
Disclosure of financial assets [line items]      
Other invested assets 34,334 29,671  
FVTPL | Various other      
Disclosure of financial assets [line items]      
Other invested assets 140 126  
FVOCI      
Disclosure of financial assets [line items]      
Cash and short-term securities 19,909 13,993  
Public equities 0 0  
Mortgages 28,792 28,473  
Private placements 48,802 44,952  
Loans to Bank clients 0 0  
Total invested assets 303,058 293,555  
FVOCI | Canadian government and agency      
Disclosure of financial assets [line items]      
Debt securities 18,671 19,769  
FVOCI | U.S. government and agency      
Disclosure of financial assets [line items]      
Debt securities 27,628 26,287  
FVOCI | Other government and agency      
Disclosure of financial assets [line items]      
Debt securities 35,402 30,576  
FVOCI | Corporate      
Disclosure of financial assets [line items]      
Debt securities 121,674 127,190  
FVOCI | Mortgage / asset-backed securities      
Disclosure of financial assets [line items]      
Debt securities 1,791 1,955  
FVOCI | Own use property      
Disclosure of financial assets [line items]      
Real estate 0 0  
FVOCI | Investment property      
Disclosure of financial assets [line items]      
Real estate 0 0  
FVOCI | Alternative long-duration assets      
Disclosure of financial assets [line items]      
Other invested assets 389 360  
FVOCI | Various other      
Disclosure of financial assets [line items]      
Other invested assets 0 0  
Other      
Disclosure of financial assets [line items]      
Cash and short-term securities 5,855 6,344  
Public equities 0 0  
Mortgages 24,416 22,893  
Private placements 0 0  
Loans to Bank clients 2,310 2,436  
Total invested assets 65,150 61,617  
Other | Canadian government and agency      
Disclosure of financial assets [line items]      
Debt securities 0 0  
Other | U.S. government and agency      
Disclosure of financial assets [line items]      
Debt securities 968 888  
Other | Other government and agency      
Disclosure of financial assets [line items]      
Debt securities 0 0  
Other | Corporate      
Disclosure of financial assets [line items]      
Debt securities 527 484  
Other | Mortgage / asset-backed securities      
Disclosure of financial assets [line items]      
Debt securities 0 0  
Other | Own use property      
Disclosure of financial assets [line items]      
Real estate 2,674 2,591  
Other | Investment property      
Disclosure of financial assets [line items]      
Real estate 10,589 10,458  
Other | Alternative long-duration assets      
Disclosure of financial assets [line items]      
Other invested assets 13,140 11,403  
Other | Various other      
Disclosure of financial assets [line items]      
Other invested assets $ 4,671 $ 4,120