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Total Invested Assets and Related Net Investment Income - Narrative (Details)
12 Months Ended
Dec. 31, 2021
CAD ($)
Dec. 31, 2020
CAD ($)
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]    
Financial assets $ 173,735,000,000 $ 168,785,000,000
Other financial liabilities 1,810,000,000 1,136,000,000
Derivative financial liabilities 1,392,000,000 1,744,000,000
Obligations for securities borrowing 51,000,000 0
Collateralized loan obligation 1,726,000,000 0
Assets supporting CLOs 1,865,000,000 0
Maximum contractual exposure to credit risk of loans or receivables 104,000,000 0
Net ineffectiveness on fair value hedges 2,000,000 1,000,000
Financial assets, at fair value $ 177,789,000,000 $ 175,070,000,000
Repurchase agreement interest rate 0.35% 0.37%
Carrying value of securities lent $ 2,324,000,000 $ 2,208,000,000
Cash collateral on securities lent    
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]    
Gross financial liabilities presented in the Consolidated Statements of Financial Position 51,000,000 306,000,000
Securitized mortgages    
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]    
Financial liabilities, at fair value 2,043,000,000 2,032,000,000
Financial liabilities 2,007,000,000 1,912,000,000
Scenario, Forecast    
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]    
Reclassification expectation from AOCI to net income $ 7,000,000 6,000,000
Bottom of range    
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]    
Repurchase agreement maturity period 5 days  
Top of range    
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]    
Repurchase agreement maturity period 365 days  
Weighted average    
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]    
Repurchase agreement maturity period 105 days  
Discounted cash flow | Investment property    
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]    
Expected return period 10 years  
Discounted cash flow | Bottom of range    
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]    
Rental growth rate (per annum) 0.00%  
Long-term vacancy rate 2.00%  
Discount rate 4.75%  
Terminal capitalization rate 4.00%  
Discounted cash flow | Top of range    
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]    
Rental growth rate (per annum) 3.00%  
Long-term vacancy rate 10.00%  
Discount rate 9.50%  
Terminal capitalization rate 7.75%  
Discounted cash flow | Retail and office properties | Bottom of range    
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]    
Estimated rental value (per square foot, per annum) 12.00  
Discounted cash flow | Retail and office properties | Top of range    
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]    
Estimated rental value (per square foot, per annum) 76.00  
Discounted cash flow | Industrial properties | Bottom of range    
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]    
Estimated rental value (per square foot, per annum) 3.00  
Discounted cash flow | Industrial properties | Top of range    
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]    
Estimated rental value (per square foot, per annum) 21.50  
Financial liabilities at fair value through profit or loss, category [member]    
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]    
Derivative financial liabilities $ 1,392,000,000 1,744,000,000
Level 3    
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]    
Financial liabilities, at fair value 1,865,000,000 1,233,000,000
Financial assets | Level 3    
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]    
Financial assets $ 12,268,000,000 12,327,000,000
Mortgages | Level 3    
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]    
Risk-adjusted spreads 20 years  
Loans | Level 3    
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]    
Risk-adjusted spreads 10 years  
Securitized mortgages    
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]    
Financial assets $ 1,856,000,000 1,781,000,000
Financial assets, at fair value 1,882,000,000 1,873,000,000
Asset-Backed Securities In Principal Reinvestment Account    
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]    
Financial assets 164,000,000 145,000,000
Cash And Cash Equivalents In Principal Reinvestment Account    
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]    
Financial assets 4,000,000 0
Transferred Assets    
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]    
Financial assets, at fair value 2,324,000,000 2,208,000,000
Collateral associated with securities lending    
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]    
Carrying value of securities lent 2,372,000,000 2,063,000,000
Securities lending    
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]    
Carrying value of securities lent 2,257,000,000 1,974,000,000
Fair value through profit or loss | Financial assets | Level 2    
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]    
Financial assets 43,488,000,000 $ 43,904,000,000
Cash and Accounts Receivable    
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]    
Assets supporting CLOs 319,000,000  
Loans    
Disclosure Of Fair Value Measurement of Assets and Liabilities [Line Items]    
Assets supporting CLOs $ 1,546,000,000