Invested Assets and Investment Income - Investment Income (Details) - CAD ($)
$ in Millions |
12 Months Ended |
Dec. 31, 2025 |
Dec. 31, 2024 |
| Disclosure of financial assets [line items] |
|
|
| Impairment (loss) / recovery, net |
$ (106)
|
$ 109
|
| Rental income from investment properties |
845
|
859
|
| Total investment income (loss) |
25,289
|
20,459
|
| Investment income |
(19,014)
|
(18,249)
|
| Investment expenses |
(1,342)
|
(1,348)
|
| Net investment income (loss) |
23,947
|
19,111
|
| Insurance and Investment Contract |
|
|
| Disclosure of financial assets [line items] |
|
|
| Realized and unrealized gains (losses) on assets supporting insurance and investment contract liabilities |
6,275
|
2,210
|
| Interest income |
|
|
| Disclosure of financial assets [line items] |
|
|
| Investment income |
(14,210)
|
(13,761)
|
| Dividends, rental income and other income |
|
|
| Disclosure of financial assets [line items] |
|
|
| Investment income |
(4,870)
|
(3,719)
|
| Impairment (loss) / recovery, net |
|
|
| Disclosure of financial assets [line items] |
|
|
| Investment income |
(106)
|
(109)
|
| Other |
|
|
| Disclosure of financial assets [line items] |
|
|
| Investment income |
(40)
|
(660)
|
| Cash and short-term securities |
|
|
| Disclosure of financial assets [line items] |
|
|
| Interest income |
896
|
979
|
| Gains (losses) |
(25)
|
72
|
| Debt securities |
|
|
| Disclosure of financial assets [line items] |
|
|
| Interest income |
8,353
|
8,099
|
| Gains (losses) |
218
|
(1,665)
|
| Impairment (loss) / recovery, net |
(4)
|
92
|
| Debt securities | Insurance and Investment Contract |
|
|
| Disclosure of financial assets [line items] |
|
|
| Realized and unrealized gains (losses) on assets supporting insurance and investment contract liabilities |
226
|
(1,857)
|
| Public equities |
|
|
| Disclosure of financial assets [line items] |
|
|
| Gains (losses) |
5,425
|
4,324
|
| Dividend income |
853
|
814
|
| Public equities | Insurance and Investment Contract |
|
|
| Disclosure of financial assets [line items] |
|
|
| Realized and unrealized gains (losses) on assets supporting insurance and investment contract liabilities |
5,231
|
4,178
|
| Mortgages |
|
|
| Disclosure of financial assets [line items] |
|
|
| Interest income |
2,378
|
2,404
|
| Gains (losses) |
61
|
(128)
|
| Impairment (loss) / recovery, net |
(2)
|
105
|
| Mortgages | Insurance and Investment Contract |
|
|
| Disclosure of financial assets [line items] |
|
|
| Realized and unrealized gains (losses) on assets supporting insurance and investment contract liabilities |
61
|
(151)
|
| Private placements |
|
|
| Disclosure of financial assets [line items] |
|
|
| Interest income |
2,615
|
2,509
|
| Gains (losses) |
163
|
309
|
| Impairment (loss) / recovery, net |
(87)
|
(47)
|
| Private placements | Insurance and Investment Contract |
|
|
| Disclosure of financial assets [line items] |
|
|
| Realized and unrealized gains (losses) on assets supporting insurance and investment contract liabilities |
161
|
235
|
| Loans to Bank clients |
|
|
| Disclosure of financial assets [line items] |
|
|
| Interest income |
141
|
176
|
| Impairment (loss) / recovery, net |
(2)
|
(3)
|
| Real estate |
|
|
| Disclosure of financial assets [line items] |
|
|
| Gains (losses) |
(38)
|
(596)
|
| Impairment (loss) / recovery, net |
0
|
0
|
| Rental income from investment properties |
471
|
460
|
| Real estate | Insurance and Investment Contract |
|
|
| Disclosure of financial assets [line items] |
|
|
| Realized and unrealized gains (losses) on assets supporting insurance and investment contract liabilities |
(29)
|
(592)
|
| Derivatives |
|
|
| Disclosure of financial assets [line items] |
|
|
| Interest income |
(201)
|
(438)
|
| Gains (losses) |
258
|
(675)
|
| Derivatives | Insurance and Investment Contract |
|
|
| Disclosure of financial assets [line items] |
|
|
| Realized and unrealized gains (losses) on assets supporting insurance and investment contract liabilities |
370
|
(859)
|
| Other invested assets |
|
|
| Disclosure of financial assets [line items] |
|
|
| Interest income |
28
|
32
|
| Gains (losses) |
253
|
1,229
|
| Impairment (loss) / recovery, net |
(11)
|
(38)
|
| Timber, agriculture and other income |
3,546
|
2,445
|
| Other invested assets | Insurance and Investment Contract |
|
|
| Disclosure of financial assets [line items] |
|
|
| Realized and unrealized gains (losses) on assets supporting insurance and investment contract liabilities |
255
|
1,256
|
| FVTPL |
|
|
| Disclosure of financial assets [line items] |
|
|
| Total investment income (loss) |
9,522
|
7,071
|
| Investment income |
(3,532)
|
(2,665)
|
| FVTPL | Insurance and Investment Contract |
|
|
| Disclosure of financial assets [line items] |
|
|
| Realized and unrealized gains (losses) on assets supporting insurance and investment contract liabilities |
5,990
|
4,406
|
| FVTPL | Interest income |
|
|
| Disclosure of financial assets [line items] |
|
|
| Investment income |
(79)
|
178
|
| FVTPL | Dividends, rental income and other income |
|
|
| Disclosure of financial assets [line items] |
|
|
| Investment income |
(3,391)
|
(2,489)
|
| FVTPL | Impairment (loss) / recovery, net |
|
|
| Disclosure of financial assets [line items] |
|
|
| Investment income |
0
|
0
|
| FVTPL | Other |
|
|
| Disclosure of financial assets [line items] |
|
|
| Investment income |
(62)
|
(354)
|
| FVTPL | Cash and short-term securities |
|
|
| Disclosure of financial assets [line items] |
|
|
| Interest income |
0
|
1
|
| Gains (losses) |
0
|
0
|
| FVTPL | Debt securities |
|
|
| Disclosure of financial assets [line items] |
|
|
| Interest income |
165
|
156
|
| Gains (losses) |
(12)
|
(44)
|
| Impairment (loss) / recovery, net |
0
|
0
|
| FVTPL | Debt securities | Insurance and Investment Contract |
|
|
| Disclosure of financial assets [line items] |
|
|
| Realized and unrealized gains (losses) on assets supporting insurance and investment contract liabilities |
(12)
|
(45)
|
| FVTPL | Public equities |
|
|
| Disclosure of financial assets [line items] |
|
|
| Gains (losses) |
5,425
|
4,324
|
| Dividend income |
853
|
814
|
| FVTPL | Public equities | Insurance and Investment Contract |
|
|
| Disclosure of financial assets [line items] |
|
|
| Realized and unrealized gains (losses) on assets supporting insurance and investment contract liabilities |
5,231
|
4,178
|
| FVTPL | Mortgages |
|
|
| Disclosure of financial assets [line items] |
|
|
| Interest income |
54
|
47
|
| Gains (losses) |
24
|
32
|
| Impairment (loss) / recovery, net |
0
|
0
|
| FVTPL | Mortgages | Insurance and Investment Contract |
|
|
| Disclosure of financial assets [line items] |
|
|
| Realized and unrealized gains (losses) on assets supporting insurance and investment contract liabilities |
24
|
32
|
| FVTPL | Private placements |
|
|
| Disclosure of financial assets [line items] |
|
|
| Interest income |
40
|
36
|
| Gains (losses) |
12
|
25
|
| Impairment (loss) / recovery, net |
0
|
0
|
| FVTPL | Private placements | Insurance and Investment Contract |
|
|
| Disclosure of financial assets [line items] |
|
|
| Realized and unrealized gains (losses) on assets supporting insurance and investment contract liabilities |
12
|
25
|
| FVTPL | Loans to Bank clients |
|
|
| Disclosure of financial assets [line items] |
|
|
| Interest income |
0
|
0
|
| Impairment (loss) / recovery, net |
0
|
0
|
| FVTPL | Real estate |
|
|
| Disclosure of financial assets [line items] |
|
|
| Gains (losses) |
0
|
0
|
| Impairment (loss) / recovery, net |
0
|
0
|
| Rental income from investment properties |
0
|
0
|
| FVTPL | Real estate | Insurance and Investment Contract |
|
|
| Disclosure of financial assets [line items] |
|
|
| Realized and unrealized gains (losses) on assets supporting insurance and investment contract liabilities |
0
|
0
|
| FVTPL | Derivatives |
|
|
| Disclosure of financial assets [line items] |
|
|
| Interest income |
(201)
|
(438)
|
| Gains (losses) |
258
|
(675)
|
| FVTPL | Derivatives | Insurance and Investment Contract |
|
|
| Disclosure of financial assets [line items] |
|
|
| Realized and unrealized gains (losses) on assets supporting insurance and investment contract liabilities |
370
|
(859)
|
| FVTPL | Other invested assets |
|
|
| Disclosure of financial assets [line items] |
|
|
| Interest income |
21
|
20
|
| Gains (losses) |
345
|
1,098
|
| Impairment (loss) / recovery, net |
0
|
0
|
| Timber, agriculture and other income |
2,538
|
1,675
|
| FVTPL | Other invested assets | Insurance and Investment Contract |
|
|
| Disclosure of financial assets [line items] |
|
|
| Realized and unrealized gains (losses) on assets supporting insurance and investment contract liabilities |
365
|
1,075
|
| FVOCI |
|
|
| Disclosure of financial assets [line items] |
|
|
| Total investment income (loss) |
13,155
|
11,299
|
| Investment income |
(12,753)
|
(13,030)
|
| FVOCI | Insurance and Investment Contract |
|
|
| Disclosure of financial assets [line items] |
|
|
| Realized and unrealized gains (losses) on assets supporting insurance and investment contract liabilities |
402
|
(1,731)
|
| FVOCI | Interest income |
|
|
| Disclosure of financial assets [line items] |
|
|
| Investment income |
(12,860)
|
(12,580)
|
| FVOCI | Dividends, rental income and other income |
|
|
| Disclosure of financial assets [line items] |
|
|
| Investment income |
0
|
0
|
| FVOCI | Impairment (loss) / recovery, net |
|
|
| Disclosure of financial assets [line items] |
|
|
| Investment income |
(91)
|
(141)
|
| FVOCI | Other |
|
|
| Disclosure of financial assets [line items] |
|
|
| Investment income |
16
|
(309)
|
| FVOCI | Cash and short-term securities |
|
|
| Disclosure of financial assets [line items] |
|
|
| Interest income |
896
|
978
|
| Gains (losses) |
(25)
|
72
|
| FVOCI | Debt securities |
|
|
| Disclosure of financial assets [line items] |
|
|
| Interest income |
8,160
|
7,914
|
| Gains (losses) |
230
|
(1,621)
|
| Impairment (loss) / recovery, net |
(4)
|
92
|
| FVOCI | Debt securities | Insurance and Investment Contract |
|
|
| Disclosure of financial assets [line items] |
|
|
| Realized and unrealized gains (losses) on assets supporting insurance and investment contract liabilities |
238
|
(1,812)
|
| FVOCI | Public equities |
|
|
| Disclosure of financial assets [line items] |
|
|
| Gains (losses) |
0
|
0
|
| Dividend income |
0
|
0
|
| FVOCI | Public equities | Insurance and Investment Contract |
|
|
| Disclosure of financial assets [line items] |
|
|
| Realized and unrealized gains (losses) on assets supporting insurance and investment contract liabilities |
0
|
0
|
| FVOCI | Mortgages |
|
|
| Disclosure of financial assets [line items] |
|
|
| Interest income |
1,222
|
1,203
|
| Gains (losses) |
30
|
(165)
|
| Impairment (loss) / recovery, net |
(1)
|
104
|
| FVOCI | Mortgages | Insurance and Investment Contract |
|
|
| Disclosure of financial assets [line items] |
|
|
| Realized and unrealized gains (losses) on assets supporting insurance and investment contract liabilities |
30
|
(188)
|
| FVOCI | Private placements |
|
|
| Disclosure of financial assets [line items] |
|
|
| Interest income |
2,575
|
2,473
|
| Gains (losses) |
151
|
284
|
| Impairment (loss) / recovery, net |
(87)
|
(47)
|
| FVOCI | Private placements | Insurance and Investment Contract |
|
|
| Disclosure of financial assets [line items] |
|
|
| Realized and unrealized gains (losses) on assets supporting insurance and investment contract liabilities |
149
|
210
|
| FVOCI | Loans to Bank clients |
|
|
| Disclosure of financial assets [line items] |
|
|
| Interest income |
0
|
0
|
| Impairment (loss) / recovery, net |
0
|
0
|
| FVOCI | Real estate |
|
|
| Disclosure of financial assets [line items] |
|
|
| Gains (losses) |
0
|
0
|
| Impairment (loss) / recovery, net |
0
|
0
|
| Rental income from investment properties |
0
|
0
|
| FVOCI | Real estate | Insurance and Investment Contract |
|
|
| Disclosure of financial assets [line items] |
|
|
| Realized and unrealized gains (losses) on assets supporting insurance and investment contract liabilities |
0
|
0
|
| FVOCI | Derivatives |
|
|
| Disclosure of financial assets [line items] |
|
|
| Interest income |
0
|
0
|
| Gains (losses) |
0
|
0
|
| FVOCI | Derivatives | Insurance and Investment Contract |
|
|
| Disclosure of financial assets [line items] |
|
|
| Realized and unrealized gains (losses) on assets supporting insurance and investment contract liabilities |
0
|
0
|
| FVOCI | Other invested assets |
|
|
| Disclosure of financial assets [line items] |
|
|
| Interest income |
7
|
12
|
| Gains (losses) |
0
|
8
|
| Impairment (loss) / recovery, net |
1
|
(8)
|
| Timber, agriculture and other income |
0
|
0
|
| FVOCI | Other invested assets | Insurance and Investment Contract |
|
|
| Disclosure of financial assets [line items] |
|
|
| Realized and unrealized gains (losses) on assets supporting insurance and investment contract liabilities |
(15)
|
59
|
| Other invested assets |
|
|
| Disclosure of financial assets [line items] |
|
|
| Total investment income (loss) |
2,612
|
2,089
|
| Investment income |
(2,729)
|
(2,554)
|
| Other invested assets | Insurance and Investment Contract |
|
|
| Disclosure of financial assets [line items] |
|
|
| Realized and unrealized gains (losses) on assets supporting insurance and investment contract liabilities |
(117)
|
(465)
|
| Other invested assets | Interest income |
|
|
| Disclosure of financial assets [line items] |
|
|
| Investment income |
(1,271)
|
(1,359)
|
| Other invested assets | Dividends, rental income and other income |
|
|
| Disclosure of financial assets [line items] |
|
|
| Investment income |
(1,479)
|
(1,230)
|
| Other invested assets | Impairment (loss) / recovery, net |
|
|
| Disclosure of financial assets [line items] |
|
|
| Investment income |
(15)
|
32
|
| Other invested assets | Other |
|
|
| Disclosure of financial assets [line items] |
|
|
| Investment income |
6
|
3
|
| Other invested assets | Cash and short-term securities |
|
|
| Disclosure of financial assets [line items] |
|
|
| Interest income |
0
|
0
|
| Gains (losses) |
0
|
0
|
| Other invested assets | Debt securities |
|
|
| Disclosure of financial assets [line items] |
|
|
| Interest income |
28
|
29
|
| Gains (losses) |
0
|
0
|
| Impairment (loss) / recovery, net |
0
|
0
|
| Other invested assets | Debt securities | Insurance and Investment Contract |
|
|
| Disclosure of financial assets [line items] |
|
|
| Realized and unrealized gains (losses) on assets supporting insurance and investment contract liabilities |
0
|
0
|
| Other invested assets | Public equities |
|
|
| Disclosure of financial assets [line items] |
|
|
| Gains (losses) |
0
|
0
|
| Dividend income |
0
|
0
|
| Other invested assets | Public equities | Insurance and Investment Contract |
|
|
| Disclosure of financial assets [line items] |
|
|
| Realized and unrealized gains (losses) on assets supporting insurance and investment contract liabilities |
0
|
0
|
| Other invested assets | Mortgages |
|
|
| Disclosure of financial assets [line items] |
|
|
| Interest income |
1,102
|
1,154
|
| Gains (losses) |
7
|
5
|
| Impairment (loss) / recovery, net |
(1)
|
1
|
| Other invested assets | Mortgages | Insurance and Investment Contract |
|
|
| Disclosure of financial assets [line items] |
|
|
| Realized and unrealized gains (losses) on assets supporting insurance and investment contract liabilities |
7
|
5
|
| Other invested assets | Private placements |
|
|
| Disclosure of financial assets [line items] |
|
|
| Interest income |
0
|
0
|
| Gains (losses) |
0
|
0
|
| Impairment (loss) / recovery, net |
0
|
0
|
| Other invested assets | Private placements | Insurance and Investment Contract |
|
|
| Disclosure of financial assets [line items] |
|
|
| Realized and unrealized gains (losses) on assets supporting insurance and investment contract liabilities |
0
|
0
|
| Other invested assets | Loans to Bank clients |
|
|
| Disclosure of financial assets [line items] |
|
|
| Interest income |
141
|
176
|
| Impairment (loss) / recovery, net |
(2)
|
(3)
|
| Other invested assets | Real estate |
|
|
| Disclosure of financial assets [line items] |
|
|
| Gains (losses) |
(38)
|
(596)
|
| Impairment (loss) / recovery, net |
0
|
0
|
| Rental income from investment properties |
471
|
460
|
| Other invested assets | Real estate | Insurance and Investment Contract |
|
|
| Disclosure of financial assets [line items] |
|
|
| Realized and unrealized gains (losses) on assets supporting insurance and investment contract liabilities |
(29)
|
(592)
|
| Other invested assets | Derivatives |
|
|
| Disclosure of financial assets [line items] |
|
|
| Interest income |
0
|
0
|
| Gains (losses) |
0
|
0
|
| Other invested assets | Derivatives | Insurance and Investment Contract |
|
|
| Disclosure of financial assets [line items] |
|
|
| Realized and unrealized gains (losses) on assets supporting insurance and investment contract liabilities |
0
|
0
|
| Other invested assets | Other invested assets |
|
|
| Disclosure of financial assets [line items] |
|
|
| Interest income |
0
|
0
|
| Gains (losses) |
(92)
|
123
|
| Impairment (loss) / recovery, net |
(12)
|
(30)
|
| Timber, agriculture and other income |
1,008
|
770
|
| Other invested assets | Other invested assets | Insurance and Investment Contract |
|
|
| Disclosure of financial assets [line items] |
|
|
| Realized and unrealized gains (losses) on assets supporting insurance and investment contract liabilities |
$ (95)
|
$ 122
|