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Financial Risk Management - Capital Management - Financial measurements and ratios (Details)
$ in Millions, $ in Millions
Dec. 31, 2024
USD ($)
Dec. 31, 2024
CAD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Financial Risk Management        
Capitalization $ 40,102.9   $ 37,424.4  
Holding company cash and investments (net of derivative obligations) 2,502.1   1,749.1  
Borrowings 11,753.7   9,723.5 $ 8,624.9
Net debt 9,251.6   7,974.4  
Non-controlling interests 4,281.2   4,750.4  
Total equity $ 28,349.2   $ 27,700.9 23,018.7
Net debt/total equity 32.60% 32.60% 28.80%  
Net debt/net total capital 24.60% 24.60% 22.40%  
Total debt/total capital 29.30% 29.30% 26.00%  
Interest coverage 10.5 10.5 13.8  
Interest and preferred share dividend distribution coverage 9.5 9.5 12.1  
Borrowings, At Fair Value $ 11,775.8   $ 9,490.0  
Common shares        
Financial Risk Management        
Equity in stock 22,959.8   21,615.0  
Preferred shares        
Financial Risk Management        
Equity in stock 1,108.2 $ 1,206.0 1,335.5  
Holding company        
Financial Risk Management        
Borrowings 7,882.4   6,928.9 5,887.6
Borrowings, At Fair Value 7,940.4   6,811.2  
Insurance and reinsurance companies        
Financial Risk Management        
Borrowings 975.8   895.6 733.4
Borrowings, At Fair Value 957.8   836.2  
Non-insurance companies        
Financial Risk Management        
Borrowings 2,895.5   1,899.0 $ 2,003.9
Borrowings, At Fair Value 2,877.6   1,842.6  
Excluding consolidated non-insurance companies        
Financial Risk Management        
Holding company cash and investments (net of derivative obligations) 2,502.1   1,749.1  
Borrowings 8,858.2   7,824.5  
Net debt 6,356.1   6,075.4  
Non-controlling interests 2,740.2   3,115.8  
Total equity $ 26,808.2   $ 26,066.3  
Net debt/total equity 23.70% 23.70% 23.30%  
Net debt/net total capital 19.20% 19.20% 18.90%  
Total debt/total capital 24.80% 24.80% 23.10%  
Interest coverage 13.5 13.5 18.1  
Interest and preferred share dividend distribution coverage 11.8 11.8 15.0  
Excluding consolidated non-insurance companies | Common shares        
Financial Risk Management        
Equity in stock $ 22,959.8   $ 21,615.0  
Excluding consolidated non-insurance companies | Preferred shares        
Financial Risk Management        
Equity in stock 1,108.2   1,335.5  
Excluding consolidated non-insurance companies | Holding company        
Financial Risk Management        
Borrowings 7,882.4   6,928.9  
Excluding consolidated non-insurance companies | Insurance and reinsurance companies        
Financial Risk Management        
Borrowings $ 975.8   $ 895.6