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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - CAD ($)
Total
Common shares
Issued capital
Issued capital
Preferred shares
Issued capital
Common shares
Contributed surplus
Retained earnings
Retained earnings
Preferred shares
Retained earnings
Common shares
Accumulated other comprehensive income (loss), net of taxes
Total shareholders' equity
Participating policyholders
Non-controlling interests’ equity
Equity, beginning of year at Dec. 31, 2019       $ 2,257,000,000 $ 8,289,000,000 $ 73,000,000 $ 11,318,000,000     $ 1,461,000,000   $ 1,091,000,000 $ 19,000,000
Changes in equity [abstract]                          
Issued during the year       0                  
Issuance costs, net of tax       0                  
Redemption of shares $ 200,000,000     0     0            
Stock options exercised   $ 23,000,000     23,000,000 (5,000,000)              
Common shares purchased for cancellation   (50,000,000)     (50,000,000)   (150,000,000)            
Share-based payments           4,000,000              
Net income (loss) 2,792,000,000           2,498,000,000         283,000,000 11,000,000
Dividends on shares               $ (94,000,000) $ (1,283,000,000)        
Changes attributable to acquisition             0           0
Total other comprehensive income (loss) for the year 122,000,000                 128,000,000 $ 128,000,000 (6,000,000)  
Additional contribution                         13,000,000
Distribution to non-controlling interests                         (18,000,000)
Equity, end of year at Dec. 31, 2020 25,862,000,000   $ 22,212,000,000 2,257,000,000 8,262,000,000 72,000,000 12,289,000,000     1,589,000,000 24,469,000,000 1,368,000,000 25,000,000
Changes in equity [abstract]                          
Issued during the year       1,000,000,000                  
Issuance costs, net of tax       7,000,000                  
Redemption of shares 0     (1,025,000,000)     (20,000,000)            
Stock options exercised   43,000,000     43,000,000 (7,000,000)              
Common shares purchased for cancellation   $ 0     0   0            
Share-based payments           6,000,000              
Net income (loss) 4,370,000,000           4,035,000,000         335,000,000 0
Dividends on shares               $ (101,000,000) $ (1,351,000,000)        
Changes attributable to acquisition             (139,000,000)           15,000,000
Total other comprehensive income (loss) for the year (606,000,000)                 (603,000,000) (603,000,000) (3,000,000)  
Additional contribution                         37,000,000
Distribution to non-controlling interests                         (18,000,000)
Equity, end of year at Dec. 31, 2021 $ 28,073,000,000   $ 24,075,000,000 $ 2,239,000,000 $ 8,305,000,000 $ 71,000,000 $ 14,713,000,000     $ 986,000,000 $ 26,314,000,000 $ 1,700,000,000 $ 59,000,000