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Invested Assets and Investment Income - Summary of Invested Assets and Segregated Funds Net Assets Measured at Fair Value Using Significant Unobservable Inputs (Level 3) (Detail) - CAD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Disclosure of fair value measurement of assets [Line Items]    
Asset Beginning of period $ 809,130  
Asset at end of period 880,349 $ 809,130
Debt securities [Member]    
Disclosure of fair value measurement of assets [Line Items]    
Asset Beginning of period 198,122  
Asset at end of period 218,725 198,122
Public equities [Member]    
Disclosure of fair value measurement of assets [Line Items]    
Asset Beginning of period 22,851  
Asset at end of period 23,722 22,851
Level 3 [Member]    
Disclosure of fair value measurement of assets [Line Items]    
Asset Beginning of period 35,721 34,009
Net realized/unrealized gains (losses) included in net income 2,281 3,287
Net realized/unrealized gains (losses) included in net AOCI (65) 46
Purchases 3,716 4,190
Sales (1,815) (2,560)
Settlements (1,831) (1,768)
Transfer into Level 352 666
Transfer out of Level 273 (984)
Currency Movement (398) (1,165)
Asset at end of period 38,234 35,721
Change in unrealized gains (losses) on assets still held 981 2,636
Level 3 [Member] | Derivatives [member]    
Disclosure of fair value measurement of assets [Line Items]    
Asset Beginning of period 1,456 106
Net realized/unrealized gains (losses) included in net income 2,953 1,884
Net realized/unrealized gains (losses) included in net AOCI (18) 44
Purchases 12 42
Settlements (1,165) (685)
Transfer into Level   135
Transfer out of Level 342 (34)
Currency Movement (137) (36)
Asset at end of period 3,443 1,456
Change in unrealized gains (losses) on assets still held 2,033 1,423
Level 3 [Member] | Segregated funds net assets [member]    
Disclosure of fair value measurement of assets [Line Items]    
Asset Beginning of period 4,512 4,447
Net realized/unrealized gains (losses) included in net income (6) 148
Purchases (84) 193
Sales (149) (140)
Settlements (26) (30)
Transfer into Level 2  
Transfer out of Level (3)  
Currency Movement (44) (106)
Asset at end of period 4,202 4,512
Change in unrealized gains (losses) on assets still held 45 111
Level 3 [Member] | FVTPL [Member] | Public equities [Member]    
Disclosure of fair value measurement of assets [Line Items]    
Asset Beginning of period   3
Net realized/unrealized gains (losses) included in net income   1,739
Sales   (1,679)
Currency Movement   (63)
Change in unrealized gains (losses) on assets still held   1,510
Level 3 [Member] | FVTPL [Member] | Other government and agency [Member] | Debt securities [Member]    
Disclosure of fair value measurement of assets [Line Items]    
Asset Beginning of period 0 180
Net realized/unrealized gains (losses) included in net income   1
Purchases   16
Sales   (18)
Transfer out of Level   (178)
Currency Movement   (1)
Asset at end of period   0
Level 3 [Member] | FVTPL [Member] | Corporate [member] | Debt securities [Member]    
Disclosure of fair value measurement of assets [Line Items]    
Asset Beginning of period 633 784
Net realized/unrealized gains (losses) included in net income 4 35
Purchases 54 43
Sales (272) (88)
Settlements (1) (18)
Transfer into Level 151 514
Transfer out of Level (50) (604)
Currency Movement (9) (33)
Asset at end of period 510 633
Change in unrealized gains (losses) on assets still held 105 47
Level 3 [Member] | FVTPL [Member] | Residential mortgage asset-backed securities [Member] | Debt securities [Member]    
Disclosure of fair value measurement of assets [Line Items]    
Asset Beginning of period   7
Sales   (1)
Transfer out of Level   (6)
Level 3 [Member] | FVTPL [Member] | Other securitized assets [Member] | Debt securities [Member]    
Disclosure of fair value measurement of assets [Line Items]    
Net realized/unrealized gains (losses) included in net income (8)  
Settlements (1)  
Transfer into Level 55  
Currency Movement (1)  
Asset at end of period 45  
Level 3 [Member] | AFS [Member] | Other government and agency [Member] | Debt securities [Member]    
Disclosure of fair value measurement of assets [Line Items]    
Asset Beginning of period   37
Net realized/unrealized gains (losses) included in net income   1
Purchases   5
Sales   (12)
Transfer out of Level   (31)
Level 3 [Member] | AFS [Member] | Corporate [member] | Debt securities [Member]    
Disclosure of fair value measurement of assets [Line Items]    
Asset Beginning of period 15 122
Net realized/unrealized gains (losses) included in net income (6) 1
Net realized/unrealized gains (losses) included in net AOCI 2  
Purchases   13
Sales   (21)
Settlements   (4)
Transfer into Level 5  
Transfer out of Level (13) (94)
Currency Movement   (2)
Asset at end of period 3 15
Level 3 [Member] | AFS [Member] | Commercial mortgage asset-backed securities [Member] | Debt securities [Member]    
Disclosure of fair value measurement of assets [Line Items]    
Purchases   37
Transfer out of Level   (37)
Level 3 [Member] | Real estate [Member]    
Disclosure of fair value measurement of assets [Line Items]    
Asset Beginning of period 29,753 29,456
Net realized/unrealized gains (losses) included in net income (666) 1,255
Net realized/unrealized gains (losses) included in net AOCI (47) 2
Purchases 3,788 3,955
Sales (1,666) (2,420)
Settlements (640) (1,053)
Transfer into Level 350 531
Transfer out of Level (66) (950)
Currency Movement (217) (1,023)
Asset at end of period 30,589 29,753
Change in unrealized gains (losses) on assets still held (1,097) 1,102
Level 3 [Member] | Real estate [Member] | Other invested assets [Member]    
Disclosure of fair value measurement of assets [Line Items]    
Asset Beginning of period 18,103 17,562
Net realized/unrealized gains (losses) included in net income (401) (1,028)
Net realized/unrealized gains (losses) included in net AOCI (49) 2
Purchases 3,162 3,401
Sales (1,076) (144)
Settlements (638) (1,031)
Transfer into Level 92 2
Transfer out of Level (3)  
Currency Movement (141) (661)
Asset at end of period 19,049 18,103
Change in unrealized gains (losses) on assets still held (902) (923)
Level 3 [Member] | Real estate [Member] | Investment property [Member]    
Disclosure of fair value measurement of assets [Line Items]    
Asset Beginning of period 11,002 10,761
Net realized/unrealized gains (losses) included in net income (255) 506
Purchases 572 440
Sales (318) (457)
Transfer into Level 47 15
Currency Movement (66) (263)
Asset at end of period 10,982 11,002
Change in unrealized gains (losses) on assets still held $ (300) $ 468