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Insurance and Reinsurance Contract Assets and Liabilities - Investment Income and Insurance Finance Income and Expense (Detail) - CAD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Investment return    
Investment-related income $ 17,482 $ 16,115
Net gains (losses) on financial assets at FVTPL 1,851 2,682
Unrealized gains (losses) on FVOCI assets (1,213) 12,230
Impairment and recovery (loss) on financial assets 109 (304)
Investment expenses (1,348) (1,297)
Interest on required surplus 0 0
Total investment return 16,881 29,426
Portion recognized in income (expenses) 19,111 18,021
Portion recognized in OCI (2,230) 11,405
Insurance finance income (expenses) from insurance contracts issued and effect of movement in exchange rates    
Interest accreted to insurance contracts (10,257) (8,186)
Due to changes in interest rates and other financial assumptions 10,132 (10,987)
Changes in fair value of underlying items of direct participation contracts (5,231) (7,384)
Effects of risk mitigation option 1,755 1,267
Net foreign exchange income (expenses) (2) (80)
Hedge accounting offset from insurance contracts issued (128) (41)
Other 394 237
Total insurance finance income (expenses) from insurance contracts issued (6,631) (24,992)
Effects of movements in foreign exchange rates (1,417) (952)
Total insurance finance income (expenses) from insurance contracts issued and effect of movement in foreign exchange rates (8,048) (25,944)
Portion recognized in income (expenses), including effects of exchange rates (16,219) (13,894)
Portion recognized in OCI, including effects of exchange rates 8,171 (12,050)
Reinsurance finance income (expenses) from reinsurance contracts held and effect of movement in foreign exchange rates    
Interest accreted to insurance contracts 2,135 229
Due to changes in interest rates and other financial assumptions (3,882) 570
Effect of changes in non-performance risk of reinsurers (57) (15)
Other (88) (159)
Total reinsurance finance income (expenses) from reinsurance contracts held (1,892) 625
Effect of movements in foreign exchange rates 243 (120)
Total reinsurance finance income (expenses) from reinsurance contracts held and effect of movement in foreign exchange rates (1,649) 505
Portion recognized in income (expenses), including effects of foreign exchange rates 1,133 (734)
Portion recognized in OCI, including effects of exchange rates (2,782) 1,239
Decrease (increase) in investment contract liabilities (504) (435)
Total net investment income (loss), insurance finance income (expenses) and reinsurance finance income (expenses) 6,680 3,552
Amounts recognized in income (expenses) 3,521 2,958
Amounts recognized in OCI 3,159 594
Cash flow hedges    
Insurance finance income (expenses) from insurance contracts issued and effect of movement in exchange rates    
Reclassification of derivative OCI to IFIE – cash flow hedges 52 (3)
Fair value hedges    
Insurance finance income (expenses) from insurance contracts issued and effect of movement in exchange rates    
Reclassification of derivative income (loss) changes to IFIE – fair value hedge (3,346) 185
Insurance contracts issued    
Investment return    
Investment-related income 14,214 13,036
Net gains (losses) on financial assets at FVTPL 1,788 2,176
Unrealized gains (losses) on FVOCI assets 5,590 11,212
Impairment and recovery (loss) on financial assets 137 (247)
Investment expenses (644) (540)
Interest on required surplus 672 521
Total investment return 21,757 26,158
Portion recognized in income (expenses) 16,489 15,830
Portion recognized in OCI 5,268 10,328
Insurance finance income (expenses) from insurance contracts issued and effect of movement in exchange rates    
Interest accreted to insurance contracts (10,283) (8,214)
Due to changes in interest rates and other financial assumptions 10,199 (11,008)
Changes in fair value of underlying items of direct participation contracts (5,231) (7,384)
Effects of risk mitigation option 1,755 1,267
Net foreign exchange income (expenses) (2) (80)
Hedge accounting offset from insurance contracts issued (128) (41)
Other 394 237
Total insurance finance income (expenses) from insurance contracts issued (6,590) (25,041)
Effects of movements in foreign exchange rates (1,417) (952)
Total insurance finance income (expenses) from insurance contracts issued and effect of movement in foreign exchange rates (8,007) (25,993)
Portion recognized in income (expenses), including effects of exchange rates (16,252) (13,930)
Portion recognized in OCI, including effects of exchange rates 8,245 (12,063)
Reinsurance finance income (expenses) from reinsurance contracts held and effect of movement in foreign exchange rates    
Interest accreted to insurance contracts 2,135 241
Due to changes in interest rates and other financial assumptions (3,886) 598
Effect of changes in non-performance risk of reinsurers (57) (15)
Other (88) (159)
Total reinsurance finance income (expenses) from reinsurance contracts held (1,896) 665
Effect of movements in foreign exchange rates 243 (120)
Total reinsurance finance income (expenses) from reinsurance contracts held and effect of movement in foreign exchange rates (1,653) 545
Portion recognized in income (expenses), including effects of foreign exchange rates 1,133 (719)
Portion recognized in OCI, including effects of exchange rates (2,786) 1,264
Decrease (increase) in investment contract liabilities (6) (17)
Total net investment income (loss), insurance finance income (expenses) and reinsurance finance income (expenses) 12,091 693
Amounts recognized in income (expenses) 1,364 1,164
Amounts recognized in OCI 10,727 (471)
Insurance contracts issued | Cash flow hedges    
Insurance finance income (expenses) from insurance contracts issued and effect of movement in exchange rates    
Reclassification of derivative OCI to IFIE – cash flow hedges 52 (3)
Insurance contracts issued | Fair value hedges    
Insurance finance income (expenses) from insurance contracts issued and effect of movement in exchange rates    
Reclassification of derivative income (loss) changes to IFIE – fair value hedge (3,346) 185
Non-insurance    
Investment return    
Investment-related income 3,268 3,079
Net gains (losses) on financial assets at FVTPL 63 506
Unrealized gains (losses) on FVOCI assets (6,803) 1,018
Impairment and recovery (loss) on financial assets (28) (57)
Investment expenses (704) (757)
Interest on required surplus (672) (521)
Total investment return (4,876) 3,268
Portion recognized in income (expenses) 2,622 2,191
Portion recognized in OCI (7,498) 1,077
Insurance finance income (expenses) from insurance contracts issued and effect of movement in exchange rates    
Interest accreted to insurance contracts 26 28
Due to changes in interest rates and other financial assumptions (67) 21
Changes in fair value of underlying items of direct participation contracts 0 0
Effects of risk mitigation option 0 0
Net foreign exchange income (expenses) 0 0
Hedge accounting offset from insurance contracts issued 0 0
Other 0 0
Total insurance finance income (expenses) from insurance contracts issued (41) 49
Effects of movements in foreign exchange rates 0 0
Total insurance finance income (expenses) from insurance contracts issued and effect of movement in foreign exchange rates (41) 49
Portion recognized in income (expenses), including effects of exchange rates 33 36
Portion recognized in OCI, including effects of exchange rates (74) 13
Reinsurance finance income (expenses) from reinsurance contracts held and effect of movement in foreign exchange rates    
Interest accreted to insurance contracts 0 (12)
Due to changes in interest rates and other financial assumptions 4 (28)
Effect of changes in non-performance risk of reinsurers 0 0
Other 0 0
Total reinsurance finance income (expenses) from reinsurance contracts held 4 (40)
Effect of movements in foreign exchange rates 0 0
Total reinsurance finance income (expenses) from reinsurance contracts held and effect of movement in foreign exchange rates 4 (40)
Portion recognized in income (expenses), including effects of foreign exchange rates 0 (15)
Portion recognized in OCI, including effects of exchange rates 4 (25)
Decrease (increase) in investment contract liabilities (498) (418)
Total net investment income (loss), insurance finance income (expenses) and reinsurance finance income (expenses) (5,411) 2,859
Amounts recognized in income (expenses) 2,157 1,794
Amounts recognized in OCI (7,568) 1,065
Non-insurance | Cash flow hedges    
Insurance finance income (expenses) from insurance contracts issued and effect of movement in exchange rates    
Reclassification of derivative OCI to IFIE – cash flow hedges 0 0
Non-insurance | Fair value hedges    
Insurance finance income (expenses) from insurance contracts issued and effect of movement in exchange rates    
Reclassification of derivative income (loss) changes to IFIE – fair value hedge 0 0
Asia    
Insurance finance income (expenses) from insurance contracts issued and effect of movement in exchange rates    
Portion recognized in income (expenses), including effects of exchange rates (7,334) (6,436)
Asia | Insurance contracts issued    
Investment return    
Total investment return 8,795 11,770
Portion recognized in income (expenses) 7,994 7,095
Portion recognized in OCI 801 4,675
Insurance finance income (expenses) from insurance contracts issued and effect of movement in exchange rates    
Total insurance finance income (expenses) from insurance contracts issued and effect of movement in foreign exchange rates (8,311) (11,037)
Portion recognized in income (expenses), including effects of exchange rates (7,334) (6,436)
Portion recognized in OCI, including effects of exchange rates (977) (4,601)
Reinsurance finance income (expenses) from reinsurance contracts held and effect of movement in foreign exchange rates    
Total reinsurance finance income (expenses) from reinsurance contracts held and effect of movement in foreign exchange rates 436 12
Portion recognized in income (expenses), including effects of foreign exchange rates 604 (105)
Portion recognized in OCI, including effects of exchange rates (168) 117
Canada    
Insurance finance income (expenses) from insurance contracts issued and effect of movement in exchange rates    
Portion recognized in income (expenses), including effects of exchange rates (3,650) (3,315)
Canada | Insurance contracts issued    
Investment return    
Total investment return 9,405 5,968
Portion recognized in income (expenses) 3,529 3,514
Portion recognized in OCI 5,876 2,454
Insurance finance income (expenses) from insurance contracts issued and effect of movement in exchange rates    
Total insurance finance income (expenses) from insurance contracts issued and effect of movement in foreign exchange rates (3,177) (5,709)
Portion recognized in income (expenses), including effects of exchange rates (3,650) (3,315)
Portion recognized in OCI, including effects of exchange rates 473 (2,394)
Reinsurance finance income (expenses) from reinsurance contracts held and effect of movement in foreign exchange rates    
Total reinsurance finance income (expenses) from reinsurance contracts held and effect of movement in foreign exchange rates 406 90
Portion recognized in income (expenses), including effects of foreign exchange rates 347 57
Portion recognized in OCI, including effects of exchange rates 59 33
U.S.    
Insurance finance income (expenses) from insurance contracts issued and effect of movement in exchange rates    
Portion recognized in income (expenses), including effects of exchange rates (5,278) (4,866)
U.S. | Insurance contracts issued    
Investment return    
Total investment return 3,532 8,390
Portion recognized in income (expenses) 4,943 5,193
Portion recognized in OCI (1,411) 3,197
Insurance finance income (expenses) from insurance contracts issued and effect of movement in exchange rates    
Total insurance finance income (expenses) from insurance contracts issued and effect of movement in foreign exchange rates 3,471 (9,936)
Portion recognized in income (expenses), including effects of exchange rates (5,278) (4,868)
Portion recognized in OCI, including effects of exchange rates 8,749 (5,068)
Reinsurance finance income (expenses) from reinsurance contracts held and effect of movement in foreign exchange rates    
Total reinsurance finance income (expenses) from reinsurance contracts held and effect of movement in foreign exchange rates (2,492) 1,125
Portion recognized in income (expenses), including effects of foreign exchange rates 185 11
Portion recognized in OCI, including effects of exchange rates (2,677) 1,114
Corporate and Other    
Insurance finance income (expenses) from insurance contracts issued and effect of movement in exchange rates    
Portion recognized in income (expenses), including effects of exchange rates 43 723
Corporate and Other | Insurance contracts issued    
Investment return    
Total investment return 25 30
Portion recognized in income (expenses) 23 28
Portion recognized in OCI 2 2
Insurance finance income (expenses) from insurance contracts issued and effect of movement in exchange rates    
Total insurance finance income (expenses) from insurance contracts issued and effect of movement in foreign exchange rates 10 689
Portion recognized in income (expenses), including effects of exchange rates 10 689
Portion recognized in OCI, including effects of exchange rates 0 0
Reinsurance finance income (expenses) from reinsurance contracts held and effect of movement in foreign exchange rates    
Total reinsurance finance income (expenses) from reinsurance contracts held and effect of movement in foreign exchange rates (3) (682)
Portion recognized in income (expenses), including effects of foreign exchange rates (3) (682)
Portion recognized in OCI, including effects of exchange rates 0 0
Corporate and Other | Non-insurance    
Investment return    
Total investment return (4,876) 3,268
Portion recognized in income (expenses) 2,622 2,191
Portion recognized in OCI (7,498) 1,077
Insurance finance income (expenses) from insurance contracts issued and effect of movement in exchange rates    
Total insurance finance income (expenses) from insurance contracts issued and effect of movement in foreign exchange rates (41) 49
Portion recognized in income (expenses), including effects of exchange rates 33 36
Portion recognized in OCI, including effects of exchange rates (74) 13
Reinsurance finance income (expenses) from reinsurance contracts held and effect of movement in foreign exchange rates    
Total reinsurance finance income (expenses) from reinsurance contracts held and effect of movement in foreign exchange rates 4 (40)
Portion recognized in income (expenses), including effects of foreign exchange rates 0 (15)
Portion recognized in OCI, including effects of exchange rates $ 4 $ (25)