v3.25.4
Segmented Information (Tables)
 12 Months Ended
Dec. 31, 2025
Segmented Information [Abstract]  
Summary of Results by Segments The following tables present results by reporting segments.
For the year ended December 31, 2025
Asia
Canada
U.S.
Global WAM
Corporate
and Other
Total
Insurance service result
Life, health and property and casualty insurance
$2,482
$1,284
$302
$-
$100
$4,168
Annuities and pensions
36
230
92
-
-
358
Total insurance service result
2,518
1,514
394
-
100
4,526
Net investment income (loss)
11,571
5,637
6,297
(541)
983
23,947
Insurance finance income (expenses)
Life, health and property and casualty insurance
(8,703)
(4,617)
(8,337)
-
26
(21,631)
Annuities and pensions
(756)
262
(558)
2
-
(1,050)
Total insurance finance income (expenses)
(9,459)
(4,355)
(8,895)
2
26
(22,681)
Reinsurance finance income (expenses)
Life, health and property and casualty insurance
(294)
251
1,454
-
5
1,416
Annuities and pensions
191
(1)
88
-
-
278
Total reinsurance finance income (expenses)
(103)
250
1,542
-
5
1,694
Decrease (increase) in investment contract liabilities
(5)
(83)
(27)
(438)
2
(551)
Net segregated fund investment result
-
-
-
-
-
-
Total investment result
2,004
1,449
(1,083)
(977)
1,016
2,409
Other revenue
13
301
160
8,020
(365)
8,129
Other expenses
(363)
(686)
(165)
(4,788)
(438)
(6,440)
Interest expenses
(43)
(842)
(14)
(4)
(627)
(1,530)
Net income (loss) before income taxes
4,129
1,736
(708)
2,251
(314)
7,094
Income tax (expenses) recoveries
(716)
(384)
181
(341)
226
(1,034)
Net income (loss)
3,413
1,352
(527)
1,910
(88)
6,060
Less net income (loss) attributed to:
Non-controlling interests
270
-
-
10
(2)
278
Participating policyholders
171
39
-
-
-
210
Net income (loss) attributed to shareholders and other
equity holders
$2,972
$1,313
$(527)
$1,900
$(86)
$5,572
Total assets
$233,076
$165,905
$250,984
$329,407
$46,061
$1,025,433
For the year ended December 31, 2024
Asia
Canada
U.S.
Global WAM
Corporate
and Other
Total
Insurance service result
Life, health and property and casualty insurance
$2,228
$1,081
$241
$-
$164
$3,714
Annuities and pensions
(68)
239
116
-
-
287
Total insurance service result
2,160
1,320
357
-
164
4,001
Net investment income (loss)
7,987
5,169
4,962
(655)
1,648
19,111
Insurance finance income (expenses)
Life, health and property and casualty insurance
(5,495)
(3,846)
(5,450)
-
43
(14,748)
Annuities and pensions
(1,839)
196
172
-
-
(1,471)
Total insurance finance income (expenses)
(7,334)
(3,650)
(5,278)
-
43
(16,219)
Reinsurance finance income (expenses)
Life, health and property and casualty insurance
(65)
347
705
-
(2)
985
Annuities and pensions
669
(1)
(520)
-
-
148
Total reinsurance finance income (expenses)
604
346
185
-
(2)
1,133
Decrease (increase) in investment contract liabilities
(9)
(76)
(87)
(327)
(5)
(504)
Net segregated fund investment result
-
-
-
-
-
-
Total investment result
1,248
1,789
(218)
(982)
1,684
3,521
Other revenue
155
294
137
7,439
(437)
7,588
Other expenses
(338)
(677)
(131)
(4,703)
(490)
(6,339)
Interest expenses
(28)
(1,047)
(13)
(7)
(586)
(1,681)
Net income (loss) before income taxes
3,197
1,679
132
1,747
335
7,090
Income tax (expenses) recoveries
(460)
(353)
3
(148)
(254)
(1,212)
Net income (loss)
2,737
1,326
135
1,599
81
5,878
Less net income (loss) attributed to:
Non-controlling interests
241
-
-
2
4
247
Participating policyholders
141
105
-
-
-
246
Net income (loss) attributed to shareholders and other
equity holders
$2,355
$1,221
$135
$1,597
$77
$5,385
Total assets
$209,623
$158,803
$263,736
$305,968
$40,688
$978,818
Summary of Results by Geographic Location The following tables present results by geographical location.
For the year ended December 31, 2025
Asia
Canada
U.S.
Other
Total
Insurance service result
Life, health and property and casualty insurance
$2,484
$1,273
$283
$128
$4,168
Annuities and pensions
36
230
92
-
358
Total insurance service result
2,520
1,503
375
128
4,526
Net investment income (loss)
11,623
5,970
6,307
47
23,947
Insurance finance income (expenses)
Life, health and property and casualty insurance
(8,703)
(4,624)
(8,305)
1
(21,631)
Annuities and pensions
(755)
262
(557)
-
(1,050)
Total insurance finance income (expenses)
(9,458)
(4,362)
(8,862)
1
(22,681)
Reinsurance finance income (expenses)
Life, health and property and casualty insurance
(294)
256
1,454
-
1,416
Annuities and pensions
191
(1)
88
-
278
Total reinsurance finance income (expenses)
(103)
255
1,542
-
1,694
Decrease (increase) in investment contract liabilities
(248)
(161)
(137)
(5)
(551)
Net segregated fund investment result
-
-
-
-
-
Total investment result
$1,814
$1,702
$(1,150)
$43
$2,409
Other revenue
$1,634
$2,367
$4,102
$26
$8,129
For the year ended December 31, 2024
Asia
Canada
U.S.
Other
Total
Insurance service result
Life, health and property and casualty insurance
$2,230
$1,075
$235
$174
$3,714
Annuities and pensions
(68)
239
116
-
287
Total insurance service result
2,162
1,314
351
174
4,001
Net investment income (loss)
8,052
5,882
5,118
59
19,111
Insurance finance income (expenses)
Life, health and property and casualty insurance
(5,495)
(3,844)
(5,409)
-
(14,748)
Annuities and pensions
(1,839)
196
172
-
(1,471)
Total insurance finance income (expenses)
(7,334)
(3,648)
(5,237)
-
(16,219)
Reinsurance finance income (expenses)
Life, health and property and casualty insurance
(65)
344
706
-
985
Annuities and pensions
669
(1)
(520)
-
148
Total reinsurance finance income (expenses)
604
343
186
-
1,133
Decrease (increase) in investment contract liabilities
(187)
(163)
(149)
(5)
(504)
Net segregated fund investment result
-
-
-
-
-
Total investment result
$1,135
$2,414
$(82)
$54
$3,521
Other revenue
$1,790
$2,325
$3,616
$(143)
$7,588