v3.25.4
Insurance and Reinsurance Contract Assets and Liabilities - Insurance and Reinsurance Contract Held Assets and Liabilities (Details) - CAD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Insurance contract assets and liabilities      
Insurance contract assets $ (194) $ (102)  
Insurance contract liabilities 411,532 396,401  
Insurance contract liabilities for account of segregated fund holders 129,006 126,545  
Reinsurance contract held assets and liabilities      
Assets 60,881 59,015  
Liabilities (3,273) (2,669)  
Net insurance and reinsurance contract held liabilities 482,736 466,498  
Insurance contracts issued      
Insurance contract assets and liabilities      
Insurance contract assets (194) (102) $ (145)
Insurance contract liabilities 411,532 396,401 367,996
Insurance contract liabilities for account of segregated fund holders 129,006 126,545 114,143
Net insurance contract liabilities 540,344 522,844 481,994
Reinsurance contract held assets and liabilities      
Net insurance contract held liabilities 540,344 522,844 481,994
Insurance contracts issued | Insurance contract balances      
Insurance contract assets and liabilities      
Insurance contract assets (194) (91)  
Insurance contract liabilities 412,230 397,268  
Insurance contract liabilities for account of segregated fund holders 129,006 126,545  
Net insurance contract liabilities 541,042 523,722  
Reinsurance contract held assets and liabilities      
Net insurance contract held liabilities 541,042 523,722  
Insurance contracts issued | Assets for insurance acquisition cash flows      
Insurance contract assets and liabilities      
Insurance contract assets 0 (11)  
Insurance contract liabilities (698) (867)  
Insurance contract liabilities for account of segregated fund holders 0 0  
Net insurance contract liabilities (698) (878)  
Reinsurance contract held assets and liabilities      
Net insurance contract held liabilities (698) (878)  
Insurance contracts issued | Asia      
Insurance contract assets and liabilities      
Insurance contract assets (161) (53)  
Insurance contract liabilities 170,754 154,222  
Insurance contract liabilities for account of segregated fund holders 29,895 26,367  
Net insurance contract liabilities 200,488 180,536  
Reinsurance contract held assets and liabilities      
Net insurance contract held liabilities 200,488 180,536  
Insurance contracts issued | Asia | Assets for insurance acquisition cash flows      
Insurance contract assets and liabilities      
Net insurance contract liabilities (71) (290)  
Reinsurance contract held assets and liabilities      
Net insurance contract held liabilities (71) (290)  
Insurance contracts issued | Canada      
Insurance contract assets and liabilities      
Insurance contract assets (33) (32)  
Insurance contract liabilities 84,517 82,459  
Insurance contract liabilities for account of segregated fund holders 38,218 38,099  
Net insurance contract liabilities 122,702 120,526  
Reinsurance contract held assets and liabilities      
Net insurance contract held liabilities 122,702 120,526  
Insurance contracts issued | Canada | Assets for insurance acquisition cash flows      
Insurance contract assets and liabilities      
Net insurance contract liabilities (627) (588)  
Reinsurance contract held assets and liabilities      
Net insurance contract held liabilities (627) (588)  
Insurance contracts issued | U.S.      
Insurance contract assets and liabilities      
Insurance contract assets 0 0  
Insurance contract liabilities 157,867 161,484  
Insurance contract liabilities for account of segregated fund holders 60,893 62,079  
Net insurance contract liabilities 218,760 223,563  
Reinsurance contract held assets and liabilities      
Net insurance contract held liabilities 218,760 223,563  
Insurance contracts issued | U.S. | Assets for insurance acquisition cash flows      
Insurance contract assets and liabilities      
Net insurance contract liabilities 0 0  
Reinsurance contract held assets and liabilities      
Net insurance contract held liabilities 0 0  
Insurance contracts issued | Corporate and Other      
Insurance contract assets and liabilities      
Insurance contract assets 0 (6)  
Insurance contract liabilities (908) (897)  
Insurance contract liabilities for account of segregated fund holders 0 0  
Net insurance contract liabilities (908) (903)  
Reinsurance contract held assets and liabilities      
Net insurance contract held liabilities (908) (903)  
Insurance contracts issued | Corporate and Other | Assets for insurance acquisition cash flows      
Insurance contract assets and liabilities      
Net insurance contract liabilities 0 0  
Reinsurance contract held assets and liabilities      
Net insurance contract held liabilities 0 0  
Reinsurance contracts held      
Insurance contract assets and liabilities      
Net insurance contract liabilities 57,608 56,346  
Reinsurance contract held assets and liabilities      
Assets 60,881 59,015 42,651
Liabilities (3,273) (2,669) (2,831)
Net reinsurance contract held assets 57,608 56,346 39,820
Net insurance contract held liabilities 57,608 56,346  
Net reinsurance contract held assets 57,608 56,346 $ 39,820
Reinsurance contracts held | Asia      
Insurance contract assets and liabilities      
Net insurance contract liabilities 5,973 6,810  
Reinsurance contract held assets and liabilities      
Assets 8,959 9,204  
Liabilities (2,986) (2,394)  
Net reinsurance contract held assets 5,973 6,810  
Net insurance contract held liabilities 5,973 6,810  
Net reinsurance contract held assets 5,973 6,810  
Reinsurance contracts held | Canada      
Insurance contract assets and liabilities      
Net insurance contract liabilities 6,363 6,759  
Reinsurance contract held assets and liabilities      
Assets 6,626 7,021  
Liabilities (263) (262)  
Net reinsurance contract held assets 6,363 6,759  
Net insurance contract held liabilities 6,363 6,759  
Net reinsurance contract held assets 6,363 6,759  
Reinsurance contracts held | U.S.      
Insurance contract assets and liabilities      
Net insurance contract liabilities 45,534 43,030  
Reinsurance contract held assets and liabilities      
Assets 45,559 43,043  
Liabilities (25) (13)  
Net reinsurance contract held assets 45,534 43,030  
Net insurance contract held liabilities 45,534 43,030  
Net reinsurance contract held assets 45,534 43,030  
Reinsurance contracts held | Corporate and Other      
Insurance contract assets and liabilities      
Net insurance contract liabilities (262) (253)  
Reinsurance contract held assets and liabilities      
Assets (263) (253)  
Liabilities 1 0  
Net reinsurance contract held assets (262) (253)  
Net insurance contract held liabilities (262) (253)  
Net reinsurance contract held assets $ (262) $ (253)