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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - CAD ($)
$ in Millions
Total
Common shares
Total shareholders' equity
Issued capital
Issued capital
Preferred shares and other equity instruments
Issued capital
Common shares
Contributed surplus
Retained earnings
Retained earnings
Preferred shares and other equity instruments
Retained earnings
Common shares
Accumulated other comprehensive income (loss), net of taxes
Participating policyholders
Non-controlling interests
Balance, beginning of year at Dec. 31, 2020         $ 2,257 $ 8,262 $ 72 $ 12,289     $ 1,589 $ 1,368 $ 25
Changes in equity [abstract]                          
Issued during the year         1,000                
Issuance costs, net of tax         7                
Redemption of shares         (1,025)     (20)          
Stock options exercised   $ 43       43 (7)            
Share-based payments             6            
Net income (loss) $ 4,370             4,035       335 0
Dividends on shares                 $ (101) $ (1,351)      
Changes attributable to acquisition               (139)         15
Total other comprehensive income (loss) for the year (606)   $ (603)               (603) (3) 0
Additional contribution                         37
Distribution to non-controlling interests                         (18)
Balance, end of year at Dec. 31, 2021 28,073   26,314 $ 24,075 2,239 8,305 71 14,713     986 1,700 59
Changes in equity [abstract]                          
Issued during the year         0                
Issuance costs, net of tax         0                
Redemption of shares         0     0          
Stock options exercised   $ 6       6 0            
Share-based payments             19            
Net income (loss) 3,302             3,130       116 56
Dividends on shares                 $ (70) $ (1,614)      
Changes attributable to acquisition               0         0
Total other comprehensive income (loss) for the year (310)   (335)               (335) 21 4
Additional contribution                         2
Distribution to non-controlling interests                         (31)
Balance, end of year at Dec. 31, 2022 $ 29,377   $ 27,450 $ 25,211 $ 2,239 $ 8,311 $ 90 $ 16,159     $ 651 $ 1,837 $ 90