XML 208 R173.htm IDEA: XBRL DOCUMENT v3.20.4
Information Provided in Connection with Investments in Deferred Annuity Contracts and SignatureNotes Issued or Assumed by John Hancock Life Insurance Company (U.S.A.) - Summary of Condensed Consolidated Statement of Income (Detail) - CAD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Revenue    
Gross premiums $ 41,408 $ 41,059
Premiums ceded to reinsurers (8,491) (5,481)
Net premium income 32,917 35,578
Net investment income (loss) 35,400 33,593
Net other revenue 10,591 10,399
Total revenue 78,908 79,570
Contract benefits and expenses    
Net benefits and claims 55,235 55,915
Commissions, investment and general expenses 15,340 15,727
Other expenses 1,562 1,708
Total contract benefits and expenses 72,137 73,350
Income (loss) before income taxes 6,771 6,220
Income tax expense (note 16) (1,195) (718)
Income (loss) after income taxes 5,576 5,502
Equity in net income (loss) of unconsolidated subsidiaries 0  
Net income 5,576 5,502
Net income (loss) attributed to:    
Non-controlling interests 250 233
Participating policyholders (545) (333)
Shareholders 5,871 5,602
Net income 5,576 5,502
Consolidation adjustments [Member]    
Revenue    
Gross premiums (1,108) (1,160)
Premiums ceded to reinsurers 1,108 1,160
Net investment income (loss) (1,073) (998)
Net other revenue (5,167) (3,930)
Total revenue (6,240) (4,928)
Contract benefits and expenses    
Net benefits and claims (3,862) (2,438)
Commissions, investment and general expenses (1,396) (1,530)
Other expenses 982 960
Total contract benefits and expenses (6,240) (4,928)
Equity in net income (loss) of unconsolidated subsidiaries (8,908) (6,925)
Net income (8,908) (6,925)
Net income (loss) attributed to:    
Participating policyholders   (2)
Shareholders (8,908) (6,923)
Net income (8,908) (6,925)
MFC (Guarantor) [Member]    
Revenue    
Net investment income (loss) 542 355
Net other revenue 5 16
Total revenue 547 371
Contract benefits and expenses    
Commissions, investment and general expenses 17 20
Other expenses 434 421
Total contract benefits and expenses 451 441
Income (loss) before income taxes 96 (70)
Income tax expense (note 16) (26) 18
Income (loss) after income taxes 70 (52)
Equity in net income (loss) of unconsolidated subsidiaries 5,801 5,654
Net income 5,871 5,602
Net income (loss) attributed to:    
Shareholders 5,871 5,602
Net income 5,871 5,602
JHUSA (Issuer) [Member]    
Revenue    
Gross premiums 8,057 8,599
Premiums ceded to reinsurers (6,585) (3,575)
Net premium income 1,472 5,024
Net investment income (loss) 14,204 12,128
Net other revenue 2,869 2,866
Total revenue 18,545 20,018
Contract benefits and expenses    
Net benefits and claims 14,804 17,133
Commissions, investment and general expenses 3,146 3,299
Other expenses 230 206
Total contract benefits and expenses 18,180 20,638
Income (loss) before income taxes 365 (620)
Income tax expense (note 16) 54 347
Income (loss) after income taxes 419 (273)
Equity in net income (loss) of unconsolidated subsidiaries 1,344 772
Net income 1,763 499
Net income (loss) attributed to:    
Participating policyholders   2
Shareholders 1,763 497
Net income 1,763 499
Other subsidiaries    
Revenue    
Gross premiums 34,459 33,620
Premiums ceded to reinsurers (3,014) (3,066)
Net premium income 31,445 30,554
Net investment income (loss) 21,727 22,108
Net other revenue 12,884 11,447
Total revenue 66,056 64,109
Contract benefits and expenses    
Net benefits and claims 44,293 41,220
Commissions, investment and general expenses 13,573 13,938
Other expenses 1,880 2,041
Total contract benefits and expenses 59,746 57,199
Income (loss) before income taxes 6,310 6,910
Income tax expense (note 16) (1,223) (1,083)
Income (loss) after income taxes 5,087 5,827
Equity in net income (loss) of unconsolidated subsidiaries 1,763 499
Net income 6,850 6,326
Net income (loss) attributed to:    
Non-controlling interests 250 233
Participating policyholders (545) (333)
Shareholders 7,145 6,426
Net income $ 6,850 $ 6,326