v3.25.4
Segmented Information - Reporting Segments (Details) - CAD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Disclosure of operating segments [line items]    
Insurance service result $ 4,526 $ 4,001
Net investment income (loss) 23,947 19,111
Insurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) (22,681) (16,219)
Reinsurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) 1,694 1,133
Decrease (increase) in investment contract liabilities (551) (504)
Net segregated fund investment result 0 0
Total investment result 2,409 3,521
Other revenue 8,129 7,588
Other expenses (6,440) (6,339)
Interest expenses (1,530) (1,681)
Net income (loss) before income taxes 7,094 7,090
Income tax (expenses) recoveries (1,034) (1,212)
Net income (loss) 6,060 5,878
Non-controlling interests 278 247
Participating policyholders 210 246
Net income (loss) attributed to shareholders 5,572 5,385
Total assets 1,025,433 978,818
Asia    
Disclosure of operating segments [line items]    
Insurance service result 2,518 2,160
Net investment income (loss) 11,571 7,987
Insurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) (9,459) (7,334)
Reinsurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) (103) 604
Decrease (increase) in investment contract liabilities (5) (9)
Net segregated fund investment result 0 0
Total investment result 2,004 1,248
Other revenue 13 155
Other expenses (363) (338)
Interest expenses (43) (28)
Net income (loss) before income taxes 4,129 3,197
Income tax (expenses) recoveries (716) (460)
Net income (loss) 3,413 2,737
Non-controlling interests 270 241
Participating policyholders 171 141
Net income (loss) attributed to shareholders 2,972 2,355
Total assets 233,076 209,623
Canada    
Disclosure of operating segments [line items]    
Insurance service result 1,514 1,320
Net investment income (loss) 5,637 5,169
Insurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) (4,355) (3,650)
Reinsurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) 250 346
Decrease (increase) in investment contract liabilities (83) (76)
Net segregated fund investment result 0 0
Total investment result 1,449 1,789
Other revenue 301 294
Other expenses (686) (677)
Interest expenses (842) (1,047)
Net income (loss) before income taxes 1,736 1,679
Income tax (expenses) recoveries (384) (353)
Net income (loss) 1,352 1,326
Non-controlling interests 0 0
Participating policyholders 39 105
Net income (loss) attributed to shareholders 1,313 1,221
Total assets 165,905 158,803
U.S.    
Disclosure of operating segments [line items]    
Insurance service result 394 357
Net investment income (loss) 6,297 4,962
Insurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) (8,895) (5,278)
Reinsurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) 1,542 185
Decrease (increase) in investment contract liabilities (27) (87)
Net segregated fund investment result 0 0
Total investment result (1,083) (218)
Other revenue 160 137
Other expenses (165) (131)
Interest expenses (14) (13)
Net income (loss) before income taxes (708) 132
Income tax (expenses) recoveries 181 3
Net income (loss) (527) 135
Non-controlling interests 0 0
Participating policyholders 0 0
Net income (loss) attributed to shareholders (527) 135
Total assets 250,984 263,736
Global WAM    
Disclosure of operating segments [line items]    
Insurance service result 0 0
Net investment income (loss) (541) (655)
Insurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) 2 0
Reinsurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) 0 0
Decrease (increase) in investment contract liabilities (438) (327)
Net segregated fund investment result 0 0
Total investment result (977) (982)
Other revenue 8,020 7,439
Other expenses (4,788) (4,703)
Interest expenses (4) (7)
Net income (loss) before income taxes 2,251 1,747
Income tax (expenses) recoveries (341) (148)
Net income (loss) 1,910 1,599
Non-controlling interests 10 2
Participating policyholders 0 0
Net income (loss) attributed to shareholders 1,900 1,597
Total assets 329,407 305,968
Corporate and Other    
Disclosure of operating segments [line items]    
Insurance service result 100 164
Net investment income (loss) 983 1,648
Insurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) 26 43
Reinsurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) 5 (2)
Decrease (increase) in investment contract liabilities 2 (5)
Net segregated fund investment result 0 0
Total investment result 1,016 1,684
Other revenue (365) (437)
Other expenses (438) (490)
Interest expenses (627) (586)
Net income (loss) before income taxes (314) 335
Income tax (expenses) recoveries 226 (254)
Net income (loss) (88) 81
Non-controlling interests (2) 4
Participating policyholders 0 0
Net income (loss) attributed to shareholders (86) 77
Total assets 46,061 40,688
Life, health and property and casualty insurance    
Disclosure of operating segments [line items]    
Insurance service result 4,168 3,714
Insurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) (21,631) (14,748)
Reinsurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) 1,416 985
Life, health and property and casualty insurance | Asia    
Disclosure of operating segments [line items]    
Insurance service result 2,482 2,228
Insurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) (8,703) (5,495)
Reinsurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) (294) (65)
Life, health and property and casualty insurance | Canada    
Disclosure of operating segments [line items]    
Insurance service result 1,284 1,081
Insurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) (4,617) (3,846)
Reinsurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) 251 347
Life, health and property and casualty insurance | U.S.    
Disclosure of operating segments [line items]    
Insurance service result 302 241
Insurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) (8,337) (5,450)
Reinsurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) 1,454 705
Life, health and property and casualty insurance | Global WAM    
Disclosure of operating segments [line items]    
Insurance service result 0 0
Insurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) 0 0
Reinsurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) 0 0
Life, health and property and casualty insurance | Corporate and Other    
Disclosure of operating segments [line items]    
Insurance service result 100 164
Insurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) 26 43
Reinsurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) 5 (2)
Annuities and pensions    
Disclosure of operating segments [line items]    
Insurance service result 358 287
Insurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) (1,050) (1,471)
Reinsurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) 278 148
Annuities and pensions | Asia    
Disclosure of operating segments [line items]    
Insurance service result 36 (68)
Insurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) (756) (1,839)
Reinsurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) 191 669
Annuities and pensions | Canada    
Disclosure of operating segments [line items]    
Insurance service result 230 239
Insurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) 262 196
Reinsurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) (1) (1)
Annuities and pensions | U.S.    
Disclosure of operating segments [line items]    
Insurance service result 92 116
Insurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) (558) 172
Reinsurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) 88 (520)
Annuities and pensions | Global WAM    
Disclosure of operating segments [line items]    
Insurance service result 0 0
Insurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) 2 0
Reinsurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) 0 0
Annuities and pensions | Corporate and Other    
Disclosure of operating segments [line items]    
Insurance service result 0 0
Insurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) 0 0
Reinsurance finance income (expenses) and effect of movement in foreign exchange rates (note 6) $ 0 $ 0