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Invested Assets and Investment Income - Remaining Term to Maturity (Details) - CAD ($)
$ in Millions
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  
Canadian government and agency      
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  
Other government and agency      
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  
Mortgage / asset-backed securities      
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  
Investment property      
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  
Various other      
Disclosure of financial assets [line items]      
Other invested assets 4,811 4,246  
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  
Less than 1 year | Canadian government and agency      
Disclosure of financial assets [line items]      
Debt securities 543 657  
Less than 1 year | U.S. government and agency      
Disclosure of financial assets [line items]      
Debt securities 644 297  
Less than 1 year | Other government and agency      
Disclosure of financial assets [line items]      
Debt securities 372 412  
Less than 1 year | Corporate      
Disclosure of financial assets [line items]      
Debt securities 7,810 8,475  
Less than 1 year | Mortgage / asset-backed securities      
Disclosure of financial assets [line items]      
Debt securities 60 106  
Less than 1 year | Own use property      
Disclosure of financial assets [line items]      
Real estate 0 0  
Less than 1 year | Investment property      
Disclosure of financial assets [line items]      
Real estate 0 0  
Less than 1 year | Alternative long-duration assets      
Disclosure of financial assets [line items]      
Other invested assets 67 0  
Less than 1 year | Various other      
Disclosure of financial assets [line items]      
Other invested assets 0 0  
1 to 3 years      
Disclosure of financial assets [line items]      
Cash and short-term securities 0 0  
Public equities 0 0  
Mortgages 11,944 12,076  
Private placements 5,093 3,486  
Loans to Bank clients 13 23  
Total invested assets 37,223 34,529  
1 to 3 years | Canadian government and agency      
Disclosure of financial assets [line items]      
Debt securities 2,282 1,435  
1 to 3 years | U.S. government and agency      
Disclosure of financial assets [line items]      
Debt securities 640 725  
1 to 3 years | Other government and agency      
Disclosure of financial assets [line items]      
Debt securities 1,208 1,052  
1 to 3 years | Corporate      
Disclosure of financial assets [line items]      
Debt securities 15,763 15,512  
1 to 3 years | Mortgage / asset-backed securities      
Disclosure of financial assets [line items]      
Debt securities 260 153  
1 to 3 years | Own use property      
Disclosure of financial assets [line items]      
Real estate 0 0  
1 to 3 years | Investment property      
Disclosure of financial assets [line items]      
Real estate 0 0  
1 to 3 years | Alternative long-duration assets      
Disclosure of financial assets [line items]      
Other invested assets 0 67  
1 to 3 years | Various other      
Disclosure of financial assets [line items]      
Other invested assets 20 0  
3 to 5 years      
Disclosure of financial assets [line items]      
Cash and short-term securities 0 0  
Public equities 0 0  
Mortgages 10,478 10,181  
Private placements 4,986 4,704  
Loans to Bank clients 3 1  
Total invested assets 34,789 37,970  
3 to 5 years | Canadian government and agency      
Disclosure of financial assets [line items]      
Debt securities 678 1,580  
3 to 5 years | U.S. government and agency      
Disclosure of financial assets [line items]      
Debt securities 1,473 744  
3 to 5 years | Other government and agency      
Disclosure of financial assets [line items]      
Debt securities 1,056 1,892  
3 to 5 years | Corporate      
Disclosure of financial assets [line items]      
Debt securities 15,817 18,548  
3 to 5 years | Mortgage / asset-backed securities      
Disclosure of financial assets [line items]      
Debt securities 213 279  
3 to 5 years | Own use property      
Disclosure of financial assets [line items]      
Real estate 0 0  
3 to 5 years | Investment property      
Disclosure of financial assets [line items]      
Real estate 0 0  
3 to 5 years | Alternative long-duration assets      
Disclosure of financial assets [line items]      
Other invested assets 85 22  
3 to 5 years | Various other      
Disclosure of financial assets [line items]      
Other invested assets 0 19  
5 to 10 years      
Disclosure of financial assets [line items]      
Cash and short-term securities 0 0  
Public equities 0 0  
Mortgages 7,617 7,690  
Private placements 10,463 9,137  
Loans to Bank clients 0 0  
Total invested assets 67,851 64,378  
5 to 10 years | Canadian government and agency      
Disclosure of financial assets [line items]      
Debt securities 3,339 3,656  
5 to 10 years | U.S. government and agency      
Disclosure of financial assets [line items]      
Debt securities 4,699 4,504  
5 to 10 years | Other government and agency      
Disclosure of financial assets [line items]      
Debt securities 3,566 3,864  
5 to 10 years | Corporate      
Disclosure of financial assets [line items]      
Debt securities 33,818 33,361  
5 to 10 years | Mortgage / asset-backed securities      
Disclosure of financial assets [line items]      
Debt securities 450 556  
5 to 10 years | Own use property      
Disclosure of financial assets [line items]      
Real estate 0 0  
5 to 10 years | Investment property      
Disclosure of financial assets [line items]      
Real estate 0 0  
5 to 10 years | Alternative long-duration assets      
Disclosure of financial assets [line items]      
Other invested assets 276 82  
5 to 10 years | Various other      
Disclosure of financial assets [line items]      
Other invested assets 3,623 1,528  
Over 10 years      
Disclosure of financial assets [line items]      
Cash and short-term securities 0 0  
Public equities 0 0  
Mortgages 9,876 9,644  
Private placements 27,500 26,790  
Loans to Bank clients 0 0  
Total invested assets 154,487 153,699  
Over 10 years | Canadian government and agency      
Disclosure of financial assets [line items]      
Debt securities 12,885 13,660  
Over 10 years | U.S. government and agency      
Disclosure of financial assets [line items]      
Debt securities 21,198 22,208  
Over 10 years | Other government and agency      
Disclosure of financial assets [line items]      
Debt securities 29,268 23,446  
Over 10 years | Corporate      
Disclosure of financial assets [line items]      
Debt securities 51,754 54,100  
Over 10 years | Mortgage / asset-backed securities      
Disclosure of financial assets [line items]      
Debt securities 825 877  
Over 10 years | Own use property      
Disclosure of financial assets [line items]      
Real estate 0 0  
Over 10 years | Investment property      
Disclosure of financial assets [line items]      
Real estate 0 0  
Over 10 years | Alternative long-duration assets      
Disclosure of financial assets [line items]      
Other invested assets 524 732  
Over 10 years | Various other      
Disclosure of financial assets [line items]      
Other invested assets 657 2,242  
With no specific maturity      
Disclosure of financial assets [line items]      
Cash and short-term securities 0 0  
Public equities 33,725 25,531  
Mortgages 9,791 9,467  
Private placements 92 71  
Loans to Bank clients 2,247 2,373  
Total invested assets 106,540 91,529  
With no specific maturity | Canadian government and agency      
Disclosure of financial assets [line items]      
Debt securities 0 0  
With no specific maturity | U.S. government and agency      
Disclosure of financial assets [line items]      
Debt securities 0 0  
With no specific maturity | Other government and agency      
Disclosure of financial assets [line items]      
Debt securities 0 0  
With no specific maturity | Corporate      
Disclosure of financial assets [line items]      
Debt securities 0 50  
With no specific maturity | Mortgage / asset-backed securities      
Disclosure of financial assets [line items]      
Debt securities 0 0  
With no specific maturity | Own use property      
Disclosure of financial assets [line items]      
Real estate 2,674 2,591  
With no specific maturity | Investment property      
Disclosure of financial assets [line items]      
Real estate 10,589 10,458  
With no specific maturity | Alternative long-duration assets      
Disclosure of financial assets [line items]      
Other invested assets 46,911 40,531  
With no specific maturity | Various other      
Disclosure of financial assets [line items]      
Other invested assets $ 511 $ 457