v3.25.4
Risk Management - Potential Immediate Impact on Net Income Attributed to Shareholders Arising from Changes to Public Equity Returns (Details) - CAD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Disclosure of credit risk exposure [line items]    
Percentage of equity hedges in the dynamic program offset against hedged variable annuity liability 95.00% 95.00%
-30%    
Disclosure of credit risk exposure [line items]    
Variable annuity and segregated fund guarantees $ (1,790) $ (2,050)
General fund equity investments (1,320) (1,240)
Total underlying sensitivity before hedging (3,110) (3,290)
Impact of macro and dynamic hedge assets 650 720
Net potential impact on net income attributed to shareholders after impact of hedging and before impact of reinsurance (2,460) (2,570)
Impact of reinsurance 1,110 1,320
Net potential impact on net income attributed to shareholders after impact of hedging and reinsurance (1,350) (1,250)
-20%    
Disclosure of credit risk exposure [line items]    
Variable annuity and segregated fund guarantees (1,070) (1,240)
General fund equity investments (880) (820)
Total underlying sensitivity before hedging (1,950) (2,060)
Impact of macro and dynamic hedge assets 390 430
Net potential impact on net income attributed to shareholders after impact of hedging and before impact of reinsurance (1,560) (1,630)
Impact of reinsurance 670 810
Net potential impact on net income attributed to shareholders after impact of hedging and reinsurance (890) (820)
-10%    
Disclosure of credit risk exposure [line items]    
Variable annuity and segregated fund guarantees (490) (560)
General fund equity investments (440) (400)
Total underlying sensitivity before hedging (930) (960)
Impact of macro and dynamic hedge assets 170 190
Net potential impact on net income attributed to shareholders after impact of hedging and before impact of reinsurance (760) (770)
Impact of reinsurance 310 370
Net potential impact on net income attributed to shareholders after impact of hedging and reinsurance (450) (400)
+10%    
Disclosure of credit risk exposure [line items]    
Variable annuity and segregated fund guarantees 400 470
General fund equity investments 440 390
Total underlying sensitivity before hedging 840 860
Impact of macro and dynamic hedge assets (130) (150)
Net potential impact on net income attributed to shareholders after impact of hedging and before impact of reinsurance 710 710
Impact of reinsurance (270) (320)
Net potential impact on net income attributed to shareholders after impact of hedging and reinsurance 440 390
+20%    
Disclosure of credit risk exposure [line items]    
Variable annuity and segregated fund guarantees 750 860
General fund equity investments 870 780
Total underlying sensitivity before hedging 1,620 1,640
Impact of macro and dynamic hedge assets (240) (260)
Net potential impact on net income attributed to shareholders after impact of hedging and before impact of reinsurance 1,380 1,380
Impact of reinsurance (490) (590)
Net potential impact on net income attributed to shareholders after impact of hedging and reinsurance 890 790
+30%    
Disclosure of credit risk exposure [line items]    
Variable annuity and segregated fund guarantees 1,050 1,190
General fund equity investments 1,310 1,180
Total underlying sensitivity before hedging 2,360 2,370
Impact of macro and dynamic hedge assets (330) (360)
Net potential impact on net income attributed to shareholders after impact of hedging and before impact of reinsurance 2,030 2,010
Impact of reinsurance (700) (830)
Net potential impact on net income attributed to shareholders after impact of hedging and reinsurance $ 1,330 $ 1,180