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Invested Assets and Investment Income - Schedule of Investment Income (Detail) - CAD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Disclosure of Investment Income [line items]    
Rental income, net of depreciation $ 874 $ 864
Net Investment income 35,400 33,593
Investment income 16,433 15,393
Debt securities [Member]    
Disclosure of Investment Income [line items]    
Interest income 6,497 6,340
Gains (losses) 13,524 11,997
Impairment loss, net (119) (8)
Cash and short-term securities [Member]    
Disclosure of Investment Income [line items]    
Interest income 169 313
Gains (losses) (136) (18)
Public equities [Member]    
Disclosure of Investment Income [line items]    
Dividend income 555 620
Gains (losses) 2,041 3,188
Impairment loss, net (54) (24)
Mortgages [Member]    
Disclosure of Investment Income [line items]    
Interest income 1,837 1,951
Gains (losses) 86 26
Provision, net (18) 31
Private placements [Member]    
Disclosure of Investment Income [line items]    
Interest income 1,883 1,782
Gains (losses) (18) (62)
Impairment loss, net (88) (35)
Policy loans [member]    
Disclosure of Investment Income [line items]    
Net Investment income 390 391
Loans to Bank clients [Member]    
Disclosure of Investment Income [line items]    
Interest income 72 87
Provision, net (2) (1)
Real estate [Member]    
Disclosure of Investment Income [line items]    
Rental income, net of depreciation 468 505
Gains (losses) (18) 508
Derivatives [Member]    
Disclosure of Investment Income [line items]    
Interest income 893 555
Gains (losses) 6,529 2,647
Other invested assets [Member]    
Disclosure of Investment Income [line items]    
Interest income 72 69
Oil and gas, timber, agriculture and other income 1,435 1,862
Gains (losses) (177) 776
Impairment loss, net (421)  
Recovery, net   93
Interest income [member]    
Disclosure of Investment Income [line items]    
Investment income 11,813 11,488
Dividend, rental and other income [member]    
Disclosure of Investment Income [line items]    
Investment income 2,458 2,988
Impairments, provisions and recoveries, net [Member]    
Disclosure of Investment Income [line items]    
Investment income 703 56
Other [Member]    
Disclosure of Investment Income [line items]    
Investment income 2,865 861
Insurance and investment contract liabilities and macro equity hedges [Member]    
Disclosure of Investment Income [line items]    
Realized and unrealized gains (losses) on assets 18,967 18,200
Insurance and investment contract liabilities and macro equity hedges [Member] | Debt securities [Member]    
Disclosure of Investment Income [line items]    
Realized and unrealized gains (losses) on assets 10,748 11,528
Insurance and investment contract liabilities and macro equity hedges [Member] | Public equities [Member]    
Disclosure of Investment Income [line items]    
Realized and unrealized gains (losses) on assets 1,917 2,870
Insurance and investment contract liabilities and macro equity hedges [Member] | Mortgages [Member]    
Disclosure of Investment Income [line items]    
Realized and unrealized gains (losses) on assets 86 26
Insurance and investment contract liabilities and macro equity hedges [Member] | Private placements [Member]    
Disclosure of Investment Income [line items]    
Realized and unrealized gains (losses) on assets (47) (62)
Insurance and investment contract liabilities and macro equity hedges [Member] | Real estate [Member]    
Disclosure of Investment Income [line items]    
Realized and unrealized gains (losses) on assets 1 514
Insurance and investment contract liabilities and macro equity hedges [Member] | Other invested assets [Member]    
Disclosure of Investment Income [line items]    
Realized and unrealized gains (losses) on assets (215) 748
Insurance and investment contract liabilities and macro equity hedges [Member] | Derivatives, including macro equity hedging program [Member]    
Disclosure of Investment Income [line items]    
Realized and unrealized gains (losses) on assets 6,477 2,576
FVTPL [Member]    
Disclosure of Investment Income [line items]    
Net Investment income 26,174 24,720
Investment income 7,388 6,976
Realized and unrealized gains (losses) on assets 18,786 17,744
FVTPL [Member] | Debt securities [Member]    
Disclosure of Investment Income [line items]    
Interest income 5,805 5,557
Gains (losses) 10,739 11,525
Impairment loss, net (113) (9)
FVTPL [Member] | Cash and short-term securities [Member]    
Disclosure of Investment Income [line items]    
Interest income 24 32
Gains (losses) (24) 11
FVTPL [Member] | Public equities [Member]    
Disclosure of Investment Income [line items]    
Dividend income 517 551
Gains (losses) 2,020 3,079
FVTPL [Member] | Derivatives [Member]    
Disclosure of Investment Income [line items]    
Interest income 924 579
Gains (losses) 6,501 2,653
FVTPL [Member] | Other invested assets [Member]    
Disclosure of Investment Income [line items]    
Gains (losses) (210) 742
Impairment loss, net (9)  
FVTPL [Member] | Interest income [member]    
Disclosure of Investment Income [line items]    
Investment income 6,753 6,168
FVTPL [Member] | Dividend, rental and other income [member]    
Disclosure of Investment Income [line items]    
Investment income 517 552
FVTPL [Member] | Impairments, provisions and recoveries, net [Member]    
Disclosure of Investment Income [line items]    
Investment income 123 9
FVTPL [Member] | Other [Member]    
Disclosure of Investment Income [line items]    
Investment income 241 265
FVTPL [Member] | Insurance and investment contract liabilities and macro equity hedges [Member] | Debt securities [Member]    
Disclosure of Investment Income [line items]    
Realized and unrealized gains (losses) on assets 10,747 11,521
FVTPL [Member] | Insurance and investment contract liabilities and macro equity hedges [Member] | Public equities [Member]    
Disclosure of Investment Income [line items]    
Realized and unrealized gains (losses) on assets 1,908 2,865
FVTPL [Member] | Insurance and investment contract liabilities and macro equity hedges [Member] | Other invested assets [Member]    
Disclosure of Investment Income [line items]    
Realized and unrealized gains (losses) on assets (318) 776
FVTPL [Member] | Insurance and investment contract liabilities and macro equity hedges [Member] | Derivatives, including macro equity hedging program [Member]    
Disclosure of Investment Income [line items]    
Realized and unrealized gains (losses) on assets 6,449 2,582
AFS [Member]    
Disclosure of Investment Income [line items]    
Net Investment income 3,494 1,661
Investment income 3,484 1,649
Realized and unrealized gains (losses) on assets 10 12
AFS [Member] | Debt securities [Member]    
Disclosure of Investment Income [line items]    
Interest income 692 783
Gains (losses) 2,785 472
Impairment loss, net (6) 1
AFS [Member] | Cash and short-term securities [Member]    
Disclosure of Investment Income [line items]    
Interest income 145 281
Gains (losses) (112) (29)
AFS [Member] | Public equities [Member]    
Disclosure of Investment Income [line items]    
Dividend income 38 69
Gains (losses) 21 109
Impairment loss, net (54) (24)
AFS [Member] | Other invested assets [Member]    
Disclosure of Investment Income [line items]    
Gains (losses) 1 (1)
Impairment loss, net (16)  
AFS [Member] | Interest income [member]    
Disclosure of Investment Income [line items]    
Investment income 837 1,064
AFS [Member] | Dividend, rental and other income [member]    
Disclosure of Investment Income [line items]    
Investment income 38 69
AFS [Member] | Impairments, provisions and recoveries, net [Member]    
Disclosure of Investment Income [line items]    
Investment income 76 23
AFS [Member] | Other [Member]    
Disclosure of Investment Income [line items]    
Investment income 2,685 539
AFS [Member] | Insurance and investment contract liabilities and macro equity hedges [Member] | Debt securities [Member]    
Disclosure of Investment Income [line items]    
Realized and unrealized gains (losses) on assets 1 7
AFS [Member] | Insurance and investment contract liabilities and macro equity hedges [Member] | Public equities [Member]    
Disclosure of Investment Income [line items]    
Realized and unrealized gains (losses) on assets 9 5
Other [Member]    
Disclosure of Investment Income [line items]    
Net Investment income 5,732 7,212
Investment income 5,561 6,768
Other [Member] | Mortgages [Member]    
Disclosure of Investment Income [line items]    
Interest income 1,837 1,951
Gains (losses) 86 26
Provision, net (18) 31
Other [Member] | Private placements [Member]    
Disclosure of Investment Income [line items]    
Interest income 1,883 1,782
Gains (losses) (18) (62)
Impairment loss, net (88) (35)
Other [Member] | Policy loans [member]    
Disclosure of Investment Income [line items]    
Net Investment income 390 391
Other [Member] | Loans to Bank clients [Member]    
Disclosure of Investment Income [line items]    
Interest income 72 87
Provision, net (2) (1)
Other [Member] | Real estate [Member]    
Disclosure of Investment Income [line items]    
Rental income, net of depreciation 468 505
Gains (losses) (18) 508
Other [Member] | Derivatives [Member]    
Disclosure of Investment Income [line items]    
Interest income (31) (24)
Gains (losses) 28 (6)
Other [Member] | Other invested assets [Member]    
Disclosure of Investment Income [line items]    
Interest income 72 69
Oil and gas, timber, agriculture and other income 1,435 1,862
Gains (losses) 32 35
Impairment loss, net (396)  
Recovery, net   93
Other [Member] | Interest income [member]    
Disclosure of Investment Income [line items]    
Investment income 4,223 4,256
Other [Member] | Dividend, rental and other income [member]    
Disclosure of Investment Income [line items]    
Investment income 1,903 2,367
Other [Member] | Impairments, provisions and recoveries, net [Member]    
Disclosure of Investment Income [line items]    
Investment income 504 88
Other [Member] | Other [Member]    
Disclosure of Investment Income [line items]    
Investment income 61 57
Other [Member] | Insurance and investment contract liabilities and macro equity hedges [Member]    
Disclosure of Investment Income [line items]    
Realized and unrealized gains (losses) on assets 171 444
Other [Member] | Insurance and investment contract liabilities and macro equity hedges [Member] | Mortgages [Member]    
Disclosure of Investment Income [line items]    
Realized and unrealized gains (losses) on assets 86 26
Other [Member] | Insurance and investment contract liabilities and macro equity hedges [Member] | Private placements [Member]    
Disclosure of Investment Income [line items]    
Realized and unrealized gains (losses) on assets (47) (62)
Other [Member] | Insurance and investment contract liabilities and macro equity hedges [Member] | Real estate [Member]    
Disclosure of Investment Income [line items]    
Realized and unrealized gains (losses) on assets 1 514
Other [Member] | Insurance and investment contract liabilities and macro equity hedges [Member] | Other invested assets [Member]    
Disclosure of Investment Income [line items]    
Realized and unrealized gains (losses) on assets 103 (28)
Other [Member] | Insurance and investment contract liabilities and macro equity hedges [Member] | Derivatives, including macro equity hedging program [Member]    
Disclosure of Investment Income [line items]    
Realized and unrealized gains (losses) on assets $ 28 $ (6)