v3.25.4
Risk Management - Variable Annuity and Segregated Fund Guarantees, Net of Reinsurance (Details)
$ in Millions, $ in Millions
Dec. 31, 2025
CAD ($)
Dec. 31, 2025
USD ($)
Dec. 31, 2024
CAD ($)
Dec. 31, 2024
USD ($)
Disclosure of credit risk exposure [line items]        
Guarantee value, gross of reinsurance $ 59,606   $ 64,700  
Guarantee value, reinsured 23,576   27,198  
Guarantee value, total, net of reinsurance 36,030   37,502  
Fund value, gross of reinsurance 72,737   75,267  
Fund value, reinsured 24,552   26,741  
Fund value, total, net of reinsurance 48,185   48,526  
Net amount at risk, gross of reinsurance 3,892   4,971  
Net amount at risk, reinsured 2,546   3,305  
Net amount at risk, total, net of reinsurance 1,346   1,666  
U.S.        
Disclosure of credit risk exposure [line items]        
Net amount at risk, total, net of reinsurance   $ 244   $ 293
Canada        
Disclosure of credit risk exposure [line items]        
Net amount at risk, total, net of reinsurance 835   1,021  
Japan        
Disclosure of credit risk exposure [line items]        
Net amount at risk, total, net of reinsurance   80   100
Asia        
Disclosure of credit risk exposure [line items]        
Net amount at risk, total, net of reinsurance   $ 49   $ 56
Guaranteed minimum income benefit        
Disclosure of credit risk exposure [line items]        
Guarantee value, gross of reinsurance 3,142   3,628  
Fund value, gross of reinsurance 2,534   2,780  
Net amount at risk, gross of reinsurance 708   918  
Guaranteed minimum withdrawal benefit        
Disclosure of credit risk exposure [line items]        
Guarantee value, gross of reinsurance 29,664   33,473  
Fund value, gross of reinsurance 31,071   33,539  
Net amount at risk, gross of reinsurance 2,643   3,339  
Guaranteed minimum accumulation benefit        
Disclosure of credit risk exposure [line items]        
Guarantee value, gross of reinsurance 18,908   18,987  
Fund value, gross of reinsurance 19,208   19,097  
Net amount at risk, gross of reinsurance 55   70  
Living benefits        
Disclosure of credit risk exposure [line items]        
Guarantee value, gross of reinsurance 51,714   56,088  
Guarantee value, reinsured 20,518   23,768  
Fund value, gross of reinsurance 52,813   55,416  
Fund value, reinsured 21,932   23,965  
Net amount at risk, gross of reinsurance 3,406   4,327  
Net amount at risk, reinsured 2,351   3,016  
Death benefit        
Disclosure of credit risk exposure [line items]        
Guarantee value, gross of reinsurance 7,892   8,612  
Guarantee value, reinsured 3,058   3,430  
Fund value, gross of reinsurance 19,924   19,851  
Fund value, reinsured 2,620   2,776  
Net amount at risk, gross of reinsurance 486   644  
Net amount at risk, reinsured $ 195   $ 289