XML 96 R70.htm IDEA: XBRL DOCUMENT v3.22.0.1
Segmented Information - Operating Results by Segment (Details) - CAD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Disclosure of operating segments [line items]    
Gross premiums: $ 25,506 $ 26,190
Less: Ceded premiums 2,453 2,452
Net investment income (loss) 4,633 12,718
Fee income 8,002 6,881
Total revenue 35,688 43,337
Total benefits and expenses 30,591 40,050
Income tax expense (benefit) 727 495
Total net income (loss) 4,370 2,792
Net income (loss) attributable to participating policyholders 335 283
Net income (loss) attributable to non-controlling interests 0 11
Shareholders’ net income (loss) 4,035 2,498
Consolidation adjustments    
Disclosure of operating segments [line items]    
Gross premiums: 0 0
Less: Ceded premiums 0 0
Net investment income (loss) (99) (46)
Fee income (278) (276)
Total revenue (377) (322)
Total benefits and expenses (377) (322)
Income tax expense (benefit) 0 0
Total net income (loss) 0 0
Net income (loss) attributable to participating policyholders 0 0
Net income (loss) attributable to non-controlling interests   0
Shareholders’ net income (loss) 0 0
Annuities    
Disclosure of operating segments [line items]    
Gross premiums: 3,917 3,729
Annuities | Consolidation adjustments    
Disclosure of operating segments [line items]    
Gross premiums: 0 0
Life insurance    
Disclosure of operating segments [line items]    
Gross premiums: 10,925 11,812
Life insurance | Consolidation adjustments    
Disclosure of operating segments [line items]    
Gross premiums: 0 0
Health insurance    
Disclosure of operating segments [line items]    
Gross premiums: 10,664 10,649
Health insurance | Consolidation adjustments    
Disclosure of operating segments [line items]    
Gross premiums: 0 0
Canada | Reportable segments    
Disclosure of operating segments [line items]    
Gross premiums: 15,711 14,963
Less: Ceded premiums 1,533 1,530
Net investment income (loss) 3,069 6,823
Fee income 1,611 1,376
Total revenue 18,858 21,632
Total benefits and expenses 16,651 20,669
Income tax expense (benefit) 384 50
Total net income (loss) 1,823 913
Net income (loss) attributable to participating policyholders 265 196
Net income (loss) attributable to non-controlling interests   0
Shareholders’ net income (loss) 1,558 717
Canada | Annuities | Reportable segments    
Disclosure of operating segments [line items]    
Gross premiums: 3,874 3,594
Canada | Life insurance | Reportable segments    
Disclosure of operating segments [line items]    
Gross premiums: 5,848 5,358
Canada | Health insurance | Reportable segments    
Disclosure of operating segments [line items]    
Gross premiums: 5,989 6,011
U.S. | Reportable segments    
Disclosure of operating segments [line items]    
Gross premiums: 6,076 6,131
Less: Ceded premiums 705 695
Net investment income (loss) 546 2,610
Fee income 81 92
Total revenue 5,998 8,138
Total benefits and expenses 5,375 7,825
Income tax expense (benefit) 124 56
Total net income (loss) 499 257
Net income (loss) attributable to participating policyholders 0 0
Net income (loss) attributable to non-controlling interests   0
Shareholders’ net income (loss) 499 257
U.S. | Annuities | Reportable segments    
Disclosure of operating segments [line items]    
Gross premiums: 0 0
U.S. | Life insurance | Reportable segments    
Disclosure of operating segments [line items]    
Gross premiums: 1,452 1,548
U.S. | Health insurance | Reportable segments    
Disclosure of operating segments [line items]    
Gross premiums: 4,624 4,583
Asset Management    
Disclosure of operating segments [line items]    
Total revenue 5,855 5,037
Asset Management | Reportable segments    
Disclosure of operating segments [line items]    
Gross premiums: 0 0
Less: Ceded premiums 0 0
Net investment income (loss) 20 23
Fee income 5,835 5,014
Total revenue 5,855 5,037
Total benefits and expenses 4,591 3,712
Income tax expense (benefit) 372 334
Total net income (loss) 892 991
Net income (loss) attributable to participating policyholders 0 0
Net income (loss) attributable to non-controlling interests   11
Shareholders’ net income (loss) 892 980
Asset Management | Annuities | Reportable segments    
Disclosure of operating segments [line items]    
Gross premiums: 0 0
Asset Management | Life insurance | Reportable segments    
Disclosure of operating segments [line items]    
Gross premiums: 0 0
Asset Management | Health insurance | Reportable segments    
Disclosure of operating segments [line items]    
Gross premiums: 0 0
Asia | Reportable segments    
Disclosure of operating segments [line items]    
Gross premiums: 3,595 4,962
Less: Ceded premiums 201 212
Net investment income (loss) 1,060 2,550
Fee income 642 572
Total revenue 5,096 7,872
Total benefits and expenses 3,838 7,137
Income tax expense (benefit) 113 54
Total net income (loss) 1,145 681
Net income (loss) attributable to participating policyholders 70 87
Net income (loss) attributable to non-controlling interests   0
Shareholders’ net income (loss) 1,075 594
Asia | Annuities | Reportable segments    
Disclosure of operating segments [line items]    
Gross premiums: 29 108
Asia | Life insurance | Reportable segments    
Disclosure of operating segments [line items]    
Gross premiums: 3,542 4,821
Asia | Health insurance | Reportable segments    
Disclosure of operating segments [line items]    
Gross premiums: 24 33
Corporate    
Disclosure of operating segments [line items]    
Total revenue 258 980
Corporate | Reportable segments    
Disclosure of operating segments [line items]    
Gross premiums: 124 134
Less: Ceded premiums 14 15
Net investment income (loss) 37 758
Fee income 111 103
Total revenue 258 980
Total benefits and expenses 513 1,029
Income tax expense (benefit) (266) 1
Total net income (loss) 11 (50)
Net income (loss) attributable to participating policyholders 0 0
Net income (loss) attributable to non-controlling interests   0
Shareholders’ net income (loss) 11 (50)
Corporate | Annuities | Reportable segments    
Disclosure of operating segments [line items]    
Gross premiums: 14 27
Corporate | Life insurance | Reportable segments    
Disclosure of operating segments [line items]    
Gross premiums: 83 85
Corporate | Health insurance | Reportable segments    
Disclosure of operating segments [line items]    
Gross premiums: $ 27 $ 22