Segmented Information (Tables)

12 Months Ended

Dec. 31, 2020

Text block [abstract]

Summary of Results by Segments

As at and for the year ended December 31, 2020	Asia			Canada			U.S.			Global WAM			Corporate and Other			Total
Revenue
Life and health insurance	$	17,983		$	8,833		$	3,011		$	–		$	140		$	29,967
Annuities and pensions		2,496			334			120			–			–			2,950
Net premium income		20,479			9,167			3,131			–			140			32,917
Net investment income (loss)		6,630			8,458			17,519			39			2,754			35,400
Other revenue		1,346			1,013			2,711			5,710			(189	)		10,591
Total revenue		28,455			18,638			23,361			5,749			2,705			78,908
Contract benefits and expenses
Life and health insurance		17,997			10,385			16,099			–			(131	)		44,350
Annuities and pensions		3,430			4,380			2,929			146			–			10,885
Net benefits and claims		21,427			14,765			19,028			146			(131	)		55,235
Interest expense		269			342			54			2			514			1,181
Other expenses		5,123			3,141			2,714			4,329			414			15,721
Total contract benefits and expenses		26,819			18,248			21,796			4,477			797			72,137
Income (loss) before income taxes		1,636			390			1,565			1,272			1,908			6,771
Income tax recovery (expense)		(233	)		(131	)		(296	)		(172	)		(363	)		(1,195	)
Net income (loss)		1,403			259			1,269			1,100			1,545			5,576
Less net income (loss) attributed to:
Non-controlling interests		250			–			–			–			–			250
Participating policyholders		(609	)		64			–			–			–			(545	)
Net income (loss) attributed to shareholders	$	1,762		$	195		$	1,269		$	1,100		$	1,545		$	5,871
Total assets	$	145,801		$	167,236		$	288,814		$	236,593		$	41,905		$	880,349
The following table presents results by reporting segments.
As at and for the year ended December 31, 2019	Asia			Canada			U.S.			Global WAM			Corporate and Other			Total
Revenue
Life and health insurance	$	17,107		$	8,714		$	6,522		$	–		$	112		$	32,455
Annuities and pensions		2,900			361			(138	)		–			–			3,123
Net premium income		20,007			9,075			6,384			–			112			35,578
Net investment income (loss)		7,451			9,446			15,556			33			1,107			33,593
Other revenue		1,215			1,088			2,654			5,562			(120	)		10,399
Total revenue		28,673			19,609			24,594			5,595			1,099			79,570
Contract benefits and expenses
Life and health insurance		17,975			10,572			19,320			–			(36	)		47,831
Annuities and pensions		3,090			4,312			599			83			–			8,084
Net benefits and claims		21,065			14,884			19,919			83			(36	)		55,915
Interest expense		236			508			43			6			526			1,319
Other expenses		5,148			3,237			2,944			4,362			425			16,116
Total contract benefits and expenses		26,449			18,629			22,906			4,451			915			73,350
Income (loss) before income taxes		2,224			980			1,688			1,144			184			6,220
Income tax recovery (expense)		(277	)		25			(260	)		(122	)		(84	)		(718	)
Net income (loss)		1,947			1,005			1,428			1,022			100			5,502
Less net income (loss) attributed to:
Non-controlling interests		228			–			–			–			5			233
Participating policyholders		(216	)		(117	)		–			–			–			(333	)
Net income (loss) attributed to shareholders	$	1,935		$	1,122		$	1,428		$	1,022		$	95		$	5,602
Total assets	$	127,367		$	159,042		$	274,993		$	216,348		$	31,380		$	809,130

Summary of Results by Geographic Location

The results of the Company’s reporting segments differ from its geographical location primarily due to the allocation of Global WAM and Corporate and Other segments into the geographical location to which its businesses relate.

The following table presents results by geographical location.

For the year ended December 31, 2020	Asia		Canada		U.S.			Other		Total
Revenue
Life and health insurance	$	18,072	$	8,474	$	3,012		$	409	$	29,967
Annuities and pensions		2,496		334		120			–		2,950
Net premium income		20,568		8,808		3,132			409		32,917
Net investment income (loss)		7,085		8,531		19,735			49		35,400
Other revenue		2,300		2,671		5,600			20		10,591
Total revenue	$	29,953	$	20,010	$	28,467		$	478	$	78,908
For the year ended December 31, 2019	Asia		Canada		U.S.			Other		Total
Revenue
Life and health insurance	$	17,178	$	8,388	$	6,523		$	366	$	32,455
Annuities and pensions		2,900		361		(138	)		–		3,123
Net premium income		20,078		8,749		6,385			366		35,578
Net investment income (loss)		7,750		9,801		15,816			226		33,593
Other revenue		2,100		2,651		5,641			7		10,399
Total revenue	$	29,928	$	21,201	$	27,842		$	599	$	79,570