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Invested Assets and Investment Income - Summary of Invested Assets and Segregated Funds Net Assets, Measured at Fair Value (Detail) - CAD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Disclosure of fair value measurement of assets [Line Items]      
Debt securities $ 218,724 $ 198,122  
Public equities 23,722 22,851  
Real estate - investment property 12,832 12,928  
Other invested assets 30,195 28,760  
Segregated funds net assets 367,436 343,108  
Total assets 880,349 809,130  
FVTPL [Member]      
Disclosure of fair value measurement of assets [Line Items]      
Cash and short-term securities 2,079 1,859  
Debt securities 128,297 116,044  
Public equities 22,071 20,060  
AFS [Member]      
Disclosure of fair value measurement of assets [Line Items]      
Cash and short-term securities 18,314 13,084  
Debt securities 6,566 5,285  
Public equities 1,651 2,791  
Other cash and short-term securities [Member]      
Disclosure of fair value measurement of assets [Line Items]      
Cash and short-term securities 5,774 5,357  
Real estate [Member]      
Disclosure of fair value measurement of assets [Line Items]      
Real estate - investment property 10,982 11,002  
Other invested assets [Member]      
Disclosure of fair value measurement of assets [Line Items]      
Other invested assets 19,149 18,194  
Canadian government and agency [Member]      
Disclosure of fair value measurement of assets [Line Items]      
Debt securities 25,215 23,361  
Canadian government and agency [Member] | FVTPL [Member]      
Disclosure of fair value measurement of assets [Line Items]      
Debt securities 20,667 18,582  
Canadian government and agency [Member] | AFS [Member]      
Disclosure of fair value measurement of assets [Line Items]      
Debt securities 4,548 4,779  
U.S. government and agency [Member] | FVTPL [Member]      
Disclosure of fair value measurement of assets [Line Items]      
Debt securities 11,449 11,031  
U.S. government and agency [Member] | AFS [Member]      
Disclosure of fair value measurement of assets [Line Items]      
Debt securities 19,787 17,221  
Other government and agency [Member]      
Disclosure of fair value measurement of assets [Line Items]      
Debt securities 24,345 21,743  
Other government and agency [Member] | FVTPL [Member]      
Disclosure of fair value measurement of assets [Line Items]      
Debt securities 19,732 17,383  
Other government and agency [Member] | AFS [Member]      
Disclosure of fair value measurement of assets [Line Items]      
Debt securities 4,613 4,360  
Residential mortgage asset-backed securities [Member] | FVTPL [Member]      
Disclosure of fair value measurement of assets [Line Items]      
Debt securities 9 13  
Residential mortgage asset-backed securities [Member] | AFS [Member]      
Disclosure of fair value measurement of assets [Line Items]      
Debt securities 1 1  
Commercial mortgage asset-backed securities [Member] | FVTPL [Member]      
Disclosure of fair value measurement of assets [Line Items]      
Debt securities 1,172 1,271  
Commercial mortgage asset-backed securities [Member] | AFS [Member]      
Disclosure of fair value measurement of assets [Line Items]      
Debt securities 93 102  
Other securitized assets [Member] | FVTPL [Member]      
Disclosure of fair value measurement of assets [Line Items]      
Debt securities 1,735 1,983  
Other securitized assets [Member] | AFS [Member]      
Disclosure of fair value measurement of assets [Line Items]      
Debt securities 55 67  
Financial assets at fair value, class [Member]      
Disclosure of fair value measurement of assets [Line Items]      
Total assets 666,180 613,577  
Level 1 [Member]      
Disclosure of fair value measurement of assets [Line Items]      
Segregated funds net assets 327,437 303,567  
Level 1 [Member] | FVTPL [Member]      
Disclosure of fair value measurement of assets [Line Items]      
Public equities 22,071 20,060  
Level 1 [Member] | AFS [Member]      
Disclosure of fair value measurement of assets [Line Items]      
Public equities 1,651 2,788  
Level 1 [Member] | Other cash and short-term securities [Member]      
Disclosure of fair value measurement of assets [Line Items]      
Cash and short-term securities 5,774 5,357  
Level 1 [Member] | Other invested assets [Member]      
Disclosure of fair value measurement of assets [Line Items]      
Other invested assets 100 91  
Level 1 [Member] | Financial assets at fair value, class [Member]      
Disclosure of fair value measurement of assets [Line Items]      
Total assets 357,033 331,863  
Level 2 [Member]      
Disclosure of fair value measurement of assets [Line Items]      
Segregated funds net assets 35,797 35,029  
Level 2 [Member] | FVTPL [Member]      
Disclosure of fair value measurement of assets [Line Items]      
Cash and short-term securities 2,079 1,859  
Debt securities 127,787 115,411  
Level 2 [Member] | AFS [Member]      
Disclosure of fair value measurement of assets [Line Items]      
Cash and short-term securities 18,314 13,084  
Debt securities 6,563 5,270  
Public equities   3  
Level 2 [Member] | Canadian government and agency [Member] | FVTPL [Member]      
Disclosure of fair value measurement of assets [Line Items]      
Debt securities 20,667 18,582  
Level 2 [Member] | Canadian government and agency [Member] | AFS [Member]      
Disclosure of fair value measurement of assets [Line Items]      
Debt securities 4,548 4,779  
Level 2 [Member] | U.S. government and agency [Member] | FVTPL [Member]      
Disclosure of fair value measurement of assets [Line Items]      
Debt securities 11,449 11,031  
Level 2 [Member] | U.S. government and agency [Member] | AFS [Member]      
Disclosure of fair value measurement of assets [Line Items]      
Debt securities 19,787 17,221  
Level 2 [Member] | Other government and agency [Member] | FVTPL [Member]      
Disclosure of fair value measurement of assets [Line Items]      
Debt securities 19,732 17,383  
Level 2 [Member] | Other government and agency [Member] | AFS [Member]      
Disclosure of fair value measurement of assets [Line Items]      
Debt securities 4,613 4,360  
Level 2 [Member] | Residential mortgage asset-backed securities [Member] | FVTPL [Member]      
Disclosure of fair value measurement of assets [Line Items]      
Debt securities 9 13  
Level 2 [Member] | Residential mortgage asset-backed securities [Member] | AFS [Member]      
Disclosure of fair value measurement of assets [Line Items]      
Debt securities 1 1  
Level 2 [Member] | Commercial mortgage asset-backed securities [Member] | FVTPL [Member]      
Disclosure of fair value measurement of assets [Line Items]      
Debt securities 1,172 1,271  
Level 2 [Member] | Commercial mortgage asset-backed securities [Member] | AFS [Member]      
Disclosure of fair value measurement of assets [Line Items]      
Debt securities 93 102  
Level 2 [Member] | Other securitized assets [Member] | FVTPL [Member]      
Disclosure of fair value measurement of assets [Line Items]      
Debt securities 1,690 1,983  
Level 2 [Member] | Other securitized assets [Member] | AFS [Member]      
Disclosure of fair value measurement of assets [Line Items]      
Debt securities 55 67  
Level 2 [Member] | Financial assets at fair value, class [Member]      
Disclosure of fair value measurement of assets [Line Items]      
Total assets 274,356 247,449  
Level 3 [Member]      
Disclosure of fair value measurement of assets [Line Items]      
Segregated funds net assets 4,202 4,512  
Total assets 38,234 35,721 $ 34,009
Level 3 [Member] | FVTPL [Member]      
Disclosure of fair value measurement of assets [Line Items]      
Debt securities 510 633  
Public equities 0    
Level 3 [Member] | AFS [Member]      
Disclosure of fair value measurement of assets [Line Items]      
Debt securities 3 15  
Level 3 [Member] | Real estate [Member]      
Disclosure of fair value measurement of assets [Line Items]      
Real estate - investment property 10,982 11,002  
Total assets 30,589 29,753 29,456
Level 3 [Member] | Other invested assets [Member]      
Disclosure of fair value measurement of assets [Line Items]      
Other invested assets 19,049 18,103  
Level 3 [Member] | Other invested assets [Member] | Real estate [Member]      
Disclosure of fair value measurement of assets [Line Items]      
Total assets 19,049 18,103 $ 17,562
Level 3 [Member] | Other government and agency [Member] | FVTPL [Member]      
Disclosure of fair value measurement of assets [Line Items]      
Debt securities 0    
Level 3 [Member] | Other securitized assets [Member] | FVTPL [Member]      
Disclosure of fair value measurement of assets [Line Items]      
Debt securities 45    
Level 3 [Member] | Financial assets at fair value, class [Member]      
Disclosure of fair value measurement of assets [Line Items]      
Total assets $ 34,791 $ 34,265