XML 154 R92.htm IDEA: XBRL DOCUMENT v3.25.0.1

Insurance and Reinsurance Contract Assets and Liabilities - Effect of New Business Recognized in the Year (Detail) - CAD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Reinsurance contracts held
Disclosure of effect of insurance contracts initially recognised [line items]
Recoveries and reversals of recoveries of losses on onerous underlying contracts	$ (372)	$ (77)
Amount included in reinsurance assets for the year	57	72
Estimates of present value of cash outflows | Reinsurance contracts held
Disclosure of effect of insurance contracts initially recognised [line items]
Amount included in reinsurance assets for the year	(20,816)	(1,997)
Estimates of PV of future cash flows | Reinsurance contracts held
Disclosure of effect of insurance contracts initially recognised [line items]
Amount included in reinsurance assets for the year	18,990	1,933
Risk adjustment for non-financial risk | Reinsurance contracts held
Disclosure of effect of insurance contracts initially recognised [line items]
Amount included in reinsurance assets for the year	1,261	399
Contractual service margin | Reinsurance contracts held
Disclosure of effect of insurance contracts initially recognised [line items]
Amount included in reinsurance assets for the year	622	(263)
Non-Onerous | Insurance contracts issued
Disclosure of effect of insurance contracts initially recognised [line items]
Contracts initially recognized during the year	0	0
Non-Onerous | Estimates of present value of cash outflows | Insurance contracts issued
Disclosure of effect of insurance contracts initially recognised [line items]
Contracts initially recognized during the year	35,333	22,211
Non-Onerous | Insurance acquisition cash flows | Insurance contracts issued
Disclosure of effect of insurance contracts initially recognised [line items]
Contracts initially recognized during the year	6,426	4,295
Non-Onerous | Claims and other insurance service expenses payable | Insurance contracts issued
Disclosure of effect of insurance contracts initially recognised [line items]
Contracts initially recognized during the year	28,907	17,916
Non-Onerous | Estimates of PV of future cash flows | Insurance contracts issued
Disclosure of effect of insurance contracts initially recognised [line items]
Contracts initially recognized during the year	(39,381)	(25,541)
Non-Onerous | Risk adjustment for non-financial risk | Insurance contracts issued
Disclosure of effect of insurance contracts initially recognised [line items]
Contracts initially recognized during the year	853	962
Non-Onerous | Contractual service margin | Insurance contracts issued
Disclosure of effect of insurance contracts initially recognised [line items]
Contracts initially recognized during the year	3,195	2,368
Onerous | Insurance contracts issued
Disclosure of effect of insurance contracts initially recognised [line items]
Recoveries and reversals of recoveries of losses on onerous underlying contracts	104	253
Onerous | Estimates of present value of cash outflows | Insurance contracts issued
Disclosure of effect of insurance contracts initially recognised [line items]
Recoveries and reversals of recoveries of losses on onerous underlying contracts	2,170	3,796
Onerous | Insurance acquisition cash flows | Insurance contracts issued
Disclosure of effect of insurance contracts initially recognised [line items]
Recoveries and reversals of recoveries of losses on onerous underlying contracts	398	623
Onerous | Claims and other insurance service expenses payable | Insurance contracts issued
Disclosure of effect of insurance contracts initially recognised [line items]
Recoveries and reversals of recoveries of losses on onerous underlying contracts	1,772	3,173
Onerous | Estimates of PV of future cash flows | Insurance contracts issued
Disclosure of effect of insurance contracts initially recognised [line items]
Recoveries and reversals of recoveries of losses on onerous underlying contracts	(2,165)	(3,761)
Onerous | Risk adjustment for non-financial risk | Insurance contracts issued
Disclosure of effect of insurance contracts initially recognised [line items]
Recoveries and reversals of recoveries of losses on onerous underlying contracts	99	218
Onerous | Contractual service margin | Insurance contracts issued
Disclosure of effect of insurance contracts initially recognised [line items]
Recoveries and reversals of recoveries of losses on onerous underlying contracts	0	0
Asia | Reinsurance contracts held
Disclosure of effect of insurance contracts initially recognised [line items]
Amount included in reinsurance assets for the year	16	12
Asia | Estimates of present value of cash outflows | Reinsurance contracts held
Disclosure of effect of insurance contracts initially recognised [line items]
Amount included in reinsurance assets for the year	(7,144)	(916)
Asia | Estimates of PV of future cash flows | Reinsurance contracts held
Disclosure of effect of insurance contracts initially recognised [line items]
Amount included in reinsurance assets for the year	6,950	815
Asia | Risk adjustment for non-financial risk | Reinsurance contracts held
Disclosure of effect of insurance contracts initially recognised [line items]
Amount included in reinsurance assets for the year	189	170
Asia | Contractual service margin | Reinsurance contracts held
Disclosure of effect of insurance contracts initially recognised [line items]
Amount included in reinsurance assets for the year	21	(57)
Asia | Non-Onerous | Insurance contracts issued
Disclosure of effect of insurance contracts initially recognised [line items]
Contracts initially recognized during the year	0	0
Asia | Non-Onerous | Estimates of present value of cash outflows | Insurance contracts issued
Disclosure of effect of insurance contracts initially recognised [line items]
Contracts initially recognized during the year	26,508	16,209
Asia | Non-Onerous | Insurance acquisition cash flows | Insurance contracts issued
Disclosure of effect of insurance contracts initially recognised [line items]
Contracts initially recognized during the year	4,764	3,011
Asia | Non-Onerous | Claims and other insurance service expenses payable | Insurance contracts issued
Disclosure of effect of insurance contracts initially recognised [line items]
Contracts initially recognized during the year	21,744	13,198
Asia | Non-Onerous | Estimates of PV of future cash flows | Insurance contracts issued
Disclosure of effect of insurance contracts initially recognised [line items]
Contracts initially recognized during the year	(29,664)	(18,765)
Asia | Non-Onerous | Risk adjustment for non-financial risk | Insurance contracts issued
Disclosure of effect of insurance contracts initially recognised [line items]
Contracts initially recognized during the year	600	679
Asia | Non-Onerous | Contractual service margin | Insurance contracts issued
Disclosure of effect of insurance contracts initially recognised [line items]
Contracts initially recognized during the year	2,556	1,877
Asia | Onerous | Insurance contracts issued
Disclosure of effect of insurance contracts initially recognised [line items]
Recoveries and reversals of recoveries of losses on onerous underlying contracts	44	158
Asia | Onerous | Estimates of present value of cash outflows | Insurance contracts issued
Disclosure of effect of insurance contracts initially recognised [line items]
Recoveries and reversals of recoveries of losses on onerous underlying contracts	1,019	2,399
Asia | Onerous | Insurance acquisition cash flows | Insurance contracts issued
Disclosure of effect of insurance contracts initially recognised [line items]
Recoveries and reversals of recoveries of losses on onerous underlying contracts	147	322
Asia | Onerous | Claims and other insurance service expenses payable | Insurance contracts issued
Disclosure of effect of insurance contracts initially recognised [line items]
Recoveries and reversals of recoveries of losses on onerous underlying contracts	872	2,077
Asia | Onerous | Estimates of PV of future cash flows | Insurance contracts issued
Disclosure of effect of insurance contracts initially recognised [line items]
Recoveries and reversals of recoveries of losses on onerous underlying contracts	(1,002)	(2,330)
Asia | Onerous | Risk adjustment for non-financial risk | Insurance contracts issued
Disclosure of effect of insurance contracts initially recognised [line items]
Recoveries and reversals of recoveries of losses on onerous underlying contracts	27	89
Asia | Onerous | Contractual service margin | Insurance contracts issued
Disclosure of effect of insurance contracts initially recognised [line items]
Recoveries and reversals of recoveries of losses on onerous underlying contracts	0	0
Canada | Reinsurance contracts held
Disclosure of effect of insurance contracts initially recognised [line items]
Amount included in reinsurance assets for the year	8	13
Canada | Estimates of present value of cash outflows | Reinsurance contracts held
Disclosure of effect of insurance contracts initially recognised [line items]
Amount included in reinsurance assets for the year	(6,153)	(331)
Canada | Estimates of PV of future cash flows | Reinsurance contracts held
Disclosure of effect of insurance contracts initially recognised [line items]
Amount included in reinsurance assets for the year	5,876	319
Canada | Risk adjustment for non-financial risk | Reinsurance contracts held
Disclosure of effect of insurance contracts initially recognised [line items]
Amount included in reinsurance assets for the year	68	76
Canada | Contractual service margin | Reinsurance contracts held
Disclosure of effect of insurance contracts initially recognised [line items]
Amount included in reinsurance assets for the year	217	(51)
Canada | Non-Onerous | Insurance contracts issued
Disclosure of effect of insurance contracts initially recognised [line items]
Contracts initially recognized during the year	0	0
Canada | Non-Onerous | Estimates of present value of cash outflows | Insurance contracts issued
Disclosure of effect of insurance contracts initially recognised [line items]
Contracts initially recognized during the year	5,386	3,478
Canada | Non-Onerous | Insurance acquisition cash flows | Insurance contracts issued
Disclosure of effect of insurance contracts initially recognised [line items]
Contracts initially recognized during the year	860	608
Canada | Non-Onerous | Claims and other insurance service expenses payable | Insurance contracts issued
Disclosure of effect of insurance contracts initially recognised [line items]
Contracts initially recognized during the year	4,526	2,870
Canada | Non-Onerous | Estimates of PV of future cash flows | Insurance contracts issued
Disclosure of effect of insurance contracts initially recognised [line items]
Contracts initially recognized during the year	(5,876)	(3,823)
Canada | Non-Onerous | Risk adjustment for non-financial risk | Insurance contracts issued
Disclosure of effect of insurance contracts initially recognised [line items]
Contracts initially recognized during the year	117	115
Canada | Non-Onerous | Contractual service margin | Insurance contracts issued
Disclosure of effect of insurance contracts initially recognised [line items]
Contracts initially recognized during the year	373	230
Canada | Onerous | Insurance contracts issued
Disclosure of effect of insurance contracts initially recognised [line items]
Recoveries and reversals of recoveries of losses on onerous underlying contracts	16	26
Canada | Onerous | Estimates of present value of cash outflows | Insurance contracts issued
Disclosure of effect of insurance contracts initially recognised [line items]
Recoveries and reversals of recoveries of losses on onerous underlying contracts	193	271
Canada | Onerous | Insurance acquisition cash flows | Insurance contracts issued
Disclosure of effect of insurance contracts initially recognised [line items]
Recoveries and reversals of recoveries of losses on onerous underlying contracts	40	68
Canada | Onerous | Claims and other insurance service expenses payable | Insurance contracts issued
Disclosure of effect of insurance contracts initially recognised [line items]
Recoveries and reversals of recoveries of losses on onerous underlying contracts	153	203
Canada | Onerous | Estimates of PV of future cash flows | Insurance contracts issued
Disclosure of effect of insurance contracts initially recognised [line items]
Recoveries and reversals of recoveries of losses on onerous underlying contracts	(203)	(286)
Canada | Onerous | Risk adjustment for non-financial risk | Insurance contracts issued
Disclosure of effect of insurance contracts initially recognised [line items]
Recoveries and reversals of recoveries of losses on onerous underlying contracts	26	41
Canada | Onerous | Contractual service margin | Insurance contracts issued
Disclosure of effect of insurance contracts initially recognised [line items]
Recoveries and reversals of recoveries of losses on onerous underlying contracts	0	0
U.S. | Reinsurance contracts held
Disclosure of effect of insurance contracts initially recognised [line items]
Amount included in reinsurance assets for the year	33	47
U.S. | Estimates of present value of cash outflows | Reinsurance contracts held
Disclosure of effect of insurance contracts initially recognised [line items]
Amount included in reinsurance assets for the year	(7,519)	(750)
U.S. | Estimates of PV of future cash flows | Reinsurance contracts held
Disclosure of effect of insurance contracts initially recognised [line items]
Amount included in reinsurance assets for the year	6,164	799
U.S. | Risk adjustment for non-financial risk | Reinsurance contracts held
Disclosure of effect of insurance contracts initially recognised [line items]
Amount included in reinsurance assets for the year	1,004	153
U.S. | Contractual service margin | Reinsurance contracts held
Disclosure of effect of insurance contracts initially recognised [line items]
Amount included in reinsurance assets for the year	384	(155)
U.S. | Non-Onerous | Insurance contracts issued
Disclosure of effect of insurance contracts initially recognised [line items]
Contracts initially recognized during the year	0	0
U.S. | Non-Onerous | Estimates of present value of cash outflows | Insurance contracts issued
Disclosure of effect of insurance contracts initially recognised [line items]
Contracts initially recognized during the year	3,439	2,524
U.S. | Non-Onerous | Insurance acquisition cash flows | Insurance contracts issued
Disclosure of effect of insurance contracts initially recognised [line items]
Contracts initially recognized during the year	802	676
U.S. | Non-Onerous | Claims and other insurance service expenses payable | Insurance contracts issued
Disclosure of effect of insurance contracts initially recognised [line items]
Contracts initially recognized during the year	2,637	1,848
U.S. | Non-Onerous | Estimates of PV of future cash flows | Insurance contracts issued
Disclosure of effect of insurance contracts initially recognised [line items]
Contracts initially recognized during the year	(3,841)	(2,953)
U.S. | Non-Onerous | Risk adjustment for non-financial risk | Insurance contracts issued
Disclosure of effect of insurance contracts initially recognised [line items]
Contracts initially recognized during the year	136	168
U.S. | Non-Onerous | Contractual service margin | Insurance contracts issued
Disclosure of effect of insurance contracts initially recognised [line items]
Contracts initially recognized during the year	266	261
U.S. | Onerous | Insurance contracts issued
Disclosure of effect of insurance contracts initially recognised [line items]
Recoveries and reversals of recoveries of losses on onerous underlying contracts	44	69
U.S. | Onerous | Estimates of present value of cash outflows | Insurance contracts issued
Disclosure of effect of insurance contracts initially recognised [line items]
Recoveries and reversals of recoveries of losses on onerous underlying contracts	958	1,126
U.S. | Onerous | Insurance acquisition cash flows | Insurance contracts issued
Disclosure of effect of insurance contracts initially recognised [line items]
Recoveries and reversals of recoveries of losses on onerous underlying contracts	211	233
U.S. | Onerous | Claims and other insurance service expenses payable | Insurance contracts issued
Disclosure of effect of insurance contracts initially recognised [line items]
Recoveries and reversals of recoveries of losses on onerous underlying contracts	747	893
U.S. | Onerous | Estimates of PV of future cash flows | Insurance contracts issued
Disclosure of effect of insurance contracts initially recognised [line items]
Recoveries and reversals of recoveries of losses on onerous underlying contracts	(960)	(1,145)
U.S. | Onerous | Risk adjustment for non-financial risk | Insurance contracts issued
Disclosure of effect of insurance contracts initially recognised [line items]
Recoveries and reversals of recoveries of losses on onerous underlying contracts	46	88
U.S. | Onerous | Contractual service margin | Insurance contracts issued
Disclosure of effect of insurance contracts initially recognised [line items]
Recoveries and reversals of recoveries of losses on onerous underlying contracts	$ 0	$ 0

X

- Definition

Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.

+ References

No definition available.

+ Details

Name:	ifrs-full_DisclosureOfEffectOfInsuranceContractsInitiallyRecognisedLineItems
Namespace Prefix:	ifrs-full_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The increase (decrease) in insurance contracts liability (asset) resulting from the effects of contracts initially recognised in the period. [Refer: Insurance contracts liability (asset)]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 17
-IssueDate 2024-01-01
-Paragraph 107
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=17&code=ifrs-tx-2024-en-r&anchor=para_107&doctype=Standard
-URIDate 2024-03-27

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 17
-IssueDate 2024-01-01
-Paragraph 104
-Subparagraph a
-Clause iii
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=17&code=ifrs-tx-2024-en-r&anchor=para_104_a_iii&doctype=Standard
-URIDate 2024-03-27

+ Details

Name:	ifrs-full_IncreaseDecreaseThroughEffectsOfContractsInitiallyRecognisedInPeriodInsuranceContractsLiabilityAsset
Namespace Prefix:	ifrs-full_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

X

- Definition

The increase (decrease) in insurance contracts liability (asset) resulting from the effects of groups of onerous contracts initially recognised in the period. An insurance contract is onerous at the date of initial recognition if the fulfilment cash flows allocated to the contract, any previously recognised acquisition cash flows and any cash flows arising from the contract at the date of initial recognition in total are a net outflow. [Refer: Insurance contracts liability (asset)]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 17
-IssueDate 2024-01-01
-Paragraph 108
-Subparagraph b
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=17&code=ifrs-tx-2024-en-r&anchor=para_108_b&doctype=Standard
-URIDate 2024-03-27

+ Details

Name:	ifrs-full_IncreaseDecreaseThroughEffectsOfGroupsOfOnerousContractsInitiallyRecognisedInPeriodInsuranceContractsLiabilityAsset
Namespace Prefix:	ifrs-full_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

X

- Definition

Increase (decrease) through effects of contracts initially recognised in period reinsurance contracts liability (asset).

+ References

No definition available.

+ Details

Name:	mfc_IncreaseDecreaseThroughEffectsOfContractsInitiallyRecognisedInPeriodReinsuranceContractsLiabilityAsset
Namespace Prefix:	mfc_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

X

- Details

Name:	ifrs-full_DisaggregationOfInsuranceContractsAxis=ifrs-full_ReinsuranceContractsHeldMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_InsuranceContractsByComponentsAxis=ifrs-full_EstimatesOfPresentValueOfFutureCashOutflowsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_InsuranceContractsByComponentsAxis=ifrs-full_EstimatesOfPresentValueOfFutureCashInflowsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_InsuranceContractsByComponentsAxis=ifrs-full_RiskAdjustmentForNonfinancialRiskMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_InsuranceContractsByComponentsAxis=ifrs-full_ContractualServiceMarginMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	mfc_NononerousOrOnerousInsuranceContractsAxis=mfc_NononerousInsuranceContractsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_DisaggregationOfInsuranceContractsAxis=ifrs-full_InsuranceContractsIssuedMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_InsuranceContractsByComponentsAxis=ifrs-full_EstimatesOfPresentValueOfInsuranceAcquisitionCashFlowsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_InsuranceContractsByComponentsAxis=ifrs-full_EstimatesOfPresentValueOfFutureCashOutflowsOtherThanInsuranceAcquisitionCashFlowsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	mfc_NononerousOrOnerousInsuranceContractsAxis=mfc_OnerousInsuranceContractsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_SegmentsAxis=mfc_AsiaSegmentMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_SegmentsAxis=mfc_CanadaSegmentMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_SegmentsAxis=mfc_UnitedStatesSegmentMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: