v3.25.4
Invested Assets and Investment Income - Movement in Invested Assets, Net Derivatives and Segregated Funds Net Assets Measured at Fair Value (Details) - Level 3 - CAD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Disclosure of financial assets [line items]    
Assets at beginning of period $ 90,639 $ 85,391
Total gains (losses) included in net income 745 (1,303)
Total gains (losses) included in AOCI 403 106
Purchases 11,833 10,367
Sales (4,864) (6,702)
Settlements (4,116) (3,224)
Transfer in 513 287
Transfer out 2,867 651
Currency movement (2,727) 5,066
Assets at end of period 95,293 90,639
Change in unrealized gains (losses) on assets still held 242 (1,488)
Consideration 3,233  
Other invested assets    
Disclosure of financial assets [line items]    
Assets at beginning of period 38,466 33,585
Total gains (losses) included in net income 619 1,502
Total gains (losses) included in AOCI 16 14
Purchases 5,143 4,308
Sales (1,539) (2,007)
Settlements (2,138) (1,187)
Transfer in 0 0
Transfer out 0 0
Currency movement (1,232) 2,251
Assets at end of period 39,335 38,466
Change in unrealized gains (losses) on assets still held 376 1,251
Derivatives    
Disclosure of financial assets [line items]    
Assets at beginning of period (3,235) (2,166)
Total gains (losses) included in net income 54 (2,248)
Total gains (losses) included in AOCI (2) 0
Purchases 0 0
Sales 0 0
Settlements (105) (166)
Transfer in 0 0
Transfer out 3,233 1,509
Currency movement 59 (164)
Assets at end of period 4 (3,235)
Change in unrealized gains (losses) on assets still held (30) (2,065)
Segregated Funds Net Assets    
Disclosure of financial assets [line items]    
Assets at beginning of period 3,334 3,492
Total gains (losses) included in net income 214 119
Total gains (losses) included in AOCI (292) (67)
Purchases 48 148
Sales (381) (527)
Settlements 50 17
Transfer in 0 0
Transfer out 0 0
Currency movement (75) 152
Assets at end of period 2,898 3,334
Change in unrealized gains (losses) on assets still held 26 (76)
FVOCI | Private placements    
Disclosure of financial assets [line items]    
Assets at beginning of period 8,764 7,682
Total gains (losses) included in net income (74) (47)
Total gains (losses) included in AOCI (181) 50
Purchases 3,405 3,039
Sales (370) (1,115)
Settlements (1,046) (1,040)
Transfer in 382 254
Transfer out (277) (624)
Currency movement (276) 565
Assets at end of period 10,327 8,764
Change in unrealized gains (losses) on assets still held 0 0
FVOCI | Mortgages    
Disclosure of financial assets [line items]    
Assets at beginning of period 28,792 28,473
Total gains (losses) included in net income 34 (73)
Total gains (losses) included in AOCI 858 109
Purchases 2,779 2,243
Sales (2,187) (2,834)
Settlements (776) (763)
Transfer in 0 0
Transfer out 0 0
Currency movement (911) 1,637
Assets at end of period 28,589 28,792
Change in unrealized gains (losses) on assets still held 0 0
FVTPL | Public equities    
Disclosure of financial assets [line items]    
Assets at beginning of period 0 41
Total gains (losses) included in net income   (3)
Total gains (losses) included in AOCI   0
Purchases   0
Sales   (1)
Settlements   0
Transfer in   0
Transfer out   (36)
Currency movement   (1)
Assets at end of period   0
Change in unrealized gains (losses) on assets still held   (3)
FVTPL | Private placements    
Disclosure of financial assets [line items]    
Assets at beginning of period 136 79
Total gains (losses) included in net income 0 1
Total gains (losses) included in AOCI 0 0
Purchases 74 49
Sales 0 0
Settlements (43) (13)
Transfer in 74 29
Transfer out (89) (14)
Currency movement 2 5
Assets at end of period 154 136
Change in unrealized gains (losses) on assets still held 0 1
FVTPL | Mortgages    
Disclosure of financial assets [line items]    
Assets at beginning of period 1,239 1,055
Total gains (losses) included in net income 14 32
Total gains (losses) included in AOCI 0 0
Purchases 205 339
Sales (54) (152)
Settlements (51) (38)
Transfer in 0 0
Transfer out 0 0
Currency movement (2) 3
Assets at end of period 1,351 1,239
Change in unrealized gains (losses) on assets still held 0 0
Other government and agency | FVOCI | Debt securities    
Disclosure of financial assets [line items]    
Assets at beginning of period 10 10
Total gains (losses) included in net income 0 0
Total gains (losses) included in AOCI 5 0
Purchases 4 0
Sales 0 0
Settlements (4) (5)
Transfer in 0 4
Transfer out 0 0
Currency movement (1) 1
Assets at end of period 14 10
Change in unrealized gains (losses) on assets still held 0 0
Corporate | FVOCI | Debt securities    
Disclosure of financial assets [line items]    
Assets at beginning of period 44 231
Total gains (losses) included in net income 0 0
Total gains (losses) included in AOCI (1) (33)
Purchases 0 0
Sales 0 0
Settlements (3) (7)
Transfer in 57 0
Transfer out 0 (151)
Currency movement (3) 4
Assets at end of period 94 44
Change in unrealized gains (losses) on assets still held 0 0
Other securitized assets | FVOCI | Debt securities    
Disclosure of financial assets [line items]    
Assets at beginning of period 0 21
Total gains (losses) included in net income 0 0
Total gains (losses) included in AOCI 0 33
Purchases 10 0
Sales 0 0
Settlements 0 (22)
Transfer in 0 0
Transfer out 0 (33)
Currency movement 0 1
Assets at end of period 10 0
Change in unrealized gains (losses) on assets still held 0 0
Investment property    
Disclosure of financial assets [line items]    
Assets at beginning of period 10,589 10,458
Total gains (losses) included in net income (91) (504)
Total gains (losses) included in AOCI 0 0
Purchases 140 222
Sales (330) (66)
Settlements 0 0
Transfer in 0 0
Transfer out 0 0
Currency movement (257) 479
Assets at end of period 10,051 10,589
Change in unrealized gains (losses) on assets still held (105) (514)
Own use property    
Disclosure of financial assets [line items]    
Assets at beginning of period 2,500 2,430
Total gains (losses) included in net income (25) (82)
Total gains (losses) included in AOCI 0 0
Purchases 25 19
Sales (3) 0
Settlements 0 0
Transfer in 0 0
Transfer out 0 0
Currency movement (31) 133
Assets at end of period 2,466 2,500
Change in unrealized gains (losses) on assets still held (25) (82)
Invested Assets    
Disclosure of financial assets [line items]    
Assets at beginning of period 90,540 84,065
Total gains (losses) included in net income 477 826
Total gains (losses) included in AOCI 697 173
Purchases 11,785 10,219
Sales (4,483) (6,175)
Settlements (4,061) (3,075)
Transfer in 513 287
Transfer out (366) (858)
Currency movement (2,711) 5,078
Assets at end of period 92,391 90,540
Change in unrealized gains (losses) on assets still held $ 246 $ 653