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Insurance and Reinsurance Contract Assets and Liabilities - Insurance and Reinsurance Contract Held Assets and Liabilities (Details) - CAD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Insurance contract assets and liabilities      
Insurance contract assets (note 6) $ (102) $ (145)  
Insurance contract liabilities 396,401 367,996  
Insurance contract liabilities for account of segregated fund holders 126,545 114,143  
Reinsurance contract held assets and liabilities      
Assets 59,015 42,651  
Reinsurance contract held liabilities (2,669) (2,831)  
Net insurance and reinsurance contract held liabilities 466,498 442,174  
Insurance contracts issued      
Insurance contract assets and liabilities      
Insurance contract assets (note 6) (102) (145) $ (673)
Insurance contract liabilities 396,401 367,996 354,849
Insurance contract liabilities for account of segregated fund holders 126,545 114,143 110,216
Net insurance contract liabilities 522,844 481,994 464,392
Reinsurance contract held assets and liabilities      
Net insurance contract held liabilities 522,844 481,994 464,392
Insurance contracts issued | Insurance contract balances      
Insurance contract assets and liabilities      
Insurance contract assets (note 6) (91) (145)  
Insurance contract liabilities 397,268 368,816  
Insurance contract liabilities for account of segregated fund holders 126,545 114,143  
Net insurance contract liabilities 523,722 482,814  
Reinsurance contract held assets and liabilities      
Net insurance contract held liabilities 523,722 482,814  
Insurance contracts issued | Assets for insurance acquisition cash flows      
Insurance contract assets and liabilities      
Insurance contract assets (note 6) (11) 0  
Insurance contract liabilities (867) (820)  
Insurance contract liabilities for account of segregated fund holders 0 0  
Net insurance contract liabilities (878) (820)  
Reinsurance contract held assets and liabilities      
Net insurance contract held liabilities (878) (820)  
Insurance contracts issued | Asia      
Insurance contract assets and liabilities      
Insurance contract assets (note 6) (53) (108)  
Insurance contract liabilities 154,222 131,729  
Insurance contract liabilities for account of segregated fund holders 26,367 22,696  
Net insurance contract liabilities 180,536 154,317  
Reinsurance contract held assets and liabilities      
Net insurance contract held liabilities 180,536 154,317  
Insurance contracts issued | Asia | Assets for insurance acquisition cash flows      
Insurance contract assets and liabilities      
Net insurance contract liabilities (290) (271)  
Reinsurance contract held assets and liabilities      
Net insurance contract held liabilities (290) (271)  
Insurance contracts issued | Canada      
Insurance contract assets and liabilities      
Insurance contract assets (note 6) (32) (33)  
Insurance contract liabilities 82,459 80,169  
Insurance contract liabilities for account of segregated fund holders 38,099 36,085  
Net insurance contract liabilities 120,526 116,221  
Reinsurance contract held assets and liabilities      
Net insurance contract held liabilities 120,526 116,221  
Insurance contracts issued | Canada | Assets for insurance acquisition cash flows      
Insurance contract assets and liabilities      
Net insurance contract liabilities (588) (549)  
Reinsurance contract held assets and liabilities      
Net insurance contract held liabilities (588) (549)  
Insurance contracts issued | U.S.      
Insurance contract assets and liabilities      
Insurance contract assets (note 6) 0 0  
Insurance contract liabilities 161,484 157,699  
Insurance contract liabilities for account of segregated fund holders 62,079 55,362  
Net insurance contract liabilities 223,563 213,061  
Reinsurance contract held assets and liabilities      
Net insurance contract held liabilities 223,563 213,061  
Insurance contracts issued | U.S. | Assets for insurance acquisition cash flows      
Insurance contract assets and liabilities      
Net insurance contract liabilities 0 0  
Reinsurance contract held assets and liabilities      
Net insurance contract held liabilities 0 0  
Insurance contracts issued | Corporate and Other      
Insurance contract assets and liabilities      
Insurance contract assets (note 6) (6) (4)  
Insurance contract liabilities (897) (781)  
Insurance contract liabilities for account of segregated fund holders 0 0  
Net insurance contract liabilities (903) (785)  
Reinsurance contract held assets and liabilities      
Net insurance contract held liabilities (903) (785)  
Insurance contracts issued | Corporate and Other | Assets for insurance acquisition cash flows      
Insurance contract assets and liabilities      
Net insurance contract liabilities 0 0  
Reinsurance contract held assets and liabilities      
Net insurance contract held liabilities 0 0  
Reinsurance contracts held      
Insurance contract assets and liabilities      
Net insurance contract liabilities 56,346 39,820  
Reinsurance contract held assets and liabilities      
Assets 59,015 42,651 45,871
Reinsurance contract held liabilities (2,669) (2,831) (2,391)
Net reinsurance contract held assets 56,346 39,820 43,480
Net insurance contract held liabilities 56,346 39,820  
Net reinsurance contract held assets 56,346 39,820 $ 43,480
Reinsurance contracts held | Asia      
Insurance contract assets and liabilities      
Net insurance contract liabilities 6,810 1,631  
Reinsurance contract held assets and liabilities      
Assets 9,204 3,540  
Reinsurance contract held liabilities (2,394) (1,909)  
Net reinsurance contract held assets 6,810 1,631  
Net insurance contract held liabilities 6,810 1,631  
Net reinsurance contract held assets 6,810 1,631  
Reinsurance contracts held | Canada      
Insurance contract assets and liabilities      
Net insurance contract liabilities 6,759 1,009  
Reinsurance contract held assets and liabilities      
Assets 7,021 1,922  
Reinsurance contract held liabilities (262) (913)  
Net reinsurance contract held assets 6,759 1,009  
Net insurance contract held liabilities 6,759 1,009  
Net reinsurance contract held assets 6,759 1,009  
Reinsurance contracts held | U.S.      
Insurance contract assets and liabilities      
Net insurance contract liabilities 43,030 37,423  
Reinsurance contract held assets and liabilities      
Assets 43,043 37,437  
Reinsurance contract held liabilities (13) (14)  
Net reinsurance contract held assets 43,030 37,423  
Net insurance contract held liabilities 43,030 37,423  
Net reinsurance contract held assets 43,030 37,423  
Reinsurance contracts held | Corporate and Other      
Insurance contract assets and liabilities      
Net insurance contract liabilities (253) (243)  
Reinsurance contract held assets and liabilities      
Assets (253) (248)  
Reinsurance contract held liabilities 0 5  
Net reinsurance contract held assets (253) (243)  
Net insurance contract held liabilities (253) (243)  
Net reinsurance contract held assets $ (253) $ (243)