Insurance and Reinsurance contract Assets and Liabilities - Insurance Contracts in Analysis by Remaining Coverage and Incurred Claims (Detail) - CAD ($)
$ in Millions |
12 Months Ended |
Dec. 31, 2025 |
Dec. 31, 2024 |
| Changes in insurance contracts for reconciliation by remaining coverage and incurred claims [abstract] |
|
|
| Opening insurance contract assets, beginning balance |
$ (102)
|
|
| Opening insurance contract liabilities, beginning balance |
396,401
|
|
| Opening insurance contract liabilities for account of segregated fund holders, beginning balance |
126,545
|
|
| Insurance revenue |
|
|
| Insurance revenue |
(28,888)
|
$ (26,592)
|
| Cash flows |
|
|
| Acquisition cash flows incurred in the year |
(698)
|
(878)
|
| Closing insurance contract assets, ending balance |
(194)
|
(102)
|
| Closing insurance contract liabilities, ending balance |
411,532
|
396,401
|
| Closing insurance contract liabilities for account of segregated fund holders, ending balance |
129,006
|
126,545
|
| Insurance contracts issued |
|
|
| Changes in insurance contracts for reconciliation by remaining coverage and incurred claims [abstract] |
|
|
| Opening insurance contract assets, beginning balance |
(102)
|
(145)
|
| Opening insurance contract liabilities, beginning balance |
396,401
|
367,996
|
| Opening insurance contract liabilities for account of segregated fund holders, beginning balance |
126,545
|
114,143
|
| Net opening balance, beginning balance |
522,844
|
481,994
|
| Insurance revenue |
|
|
| Expected incurred claims and other insurance service expenses |
(15,284)
|
(14,340)
|
| Change in risk adjustment for non-financial risk expired |
(1,401)
|
(1,414)
|
| CSM recognized for services provided |
(3,130)
|
(2,697)
|
| Recovery of insurance acquisition cash flows |
(1,907)
|
(1,351)
|
| Contracts under PAA |
(7,166)
|
(6,790)
|
| Insurance revenue |
(28,888)
|
(26,592)
|
| Insurance service expense |
|
|
| Incurred claims and other insurance service expenses |
22,478
|
21,397
|
| Losses and reversal of losses on onerous contracts (future service) |
393
|
882
|
| Changes to liabilities for incurred claims (past service) |
(2,683)
|
(2,605)
|
| Amortization of insurance acquisition cash flows |
2,903
|
2,148
|
| Net impairment of assets for insurance acquisition cash flows |
0
|
0
|
| Insurance service expense |
23,091
|
21,822
|
| Investment components and premium refunds |
0
|
0
|
| Insurance service result |
(5,797)
|
(4,770)
|
| Insurance finance (income) expenses |
23,412
|
3,337
|
| Effects of movements in foreign exchange rates |
(14,202)
|
25,357
|
| Total changes in income and OCI |
3,413
|
23,924
|
| Cash flows |
|
|
| Premiums and premium tax received |
61,722
|
55,437
|
| Claims and other insurance service expenses paid, including investment components |
(40,376)
|
(42,433)
|
| Insurance acquisition cash flows |
(9,749)
|
(8,287)
|
| Total cash flows |
11,597
|
4,717
|
| Allocation from assets for insurance acquisition cash flows to groups of insurance contracts |
0
|
0
|
| Acquisition cash flows incurred in the year |
29
|
(193)
|
| Movements related to insurance contract liabilities for account of segregated fund holders |
2,461
|
12,402
|
| Net closing balance, ending balance |
540,344
|
522,844
|
| Closing insurance contract assets, ending balance |
(194)
|
(102)
|
| Closing insurance contract liabilities, ending balance |
411,532
|
396,401
|
| Closing insurance contract liabilities for account of segregated fund holders, ending balance |
129,006
|
126,545
|
| Insurance finance (income) expenses |
|
|
| Insurance finance (income) expenses, per disclosure above |
23,412
|
3,337
|
| Insurance finance (income) expenses, per disclosure in note 6 (f) |
25,496
|
6,631
|
| Insurance contracts issued | Assets for insurance acquisition cash flows |
|
|
| Changes in insurance contracts for reconciliation by remaining coverage and incurred claims [abstract] |
|
|
| Opening insurance contract assets, beginning balance |
(11)
|
|
| Opening insurance contract liabilities, beginning balance |
(867)
|
|
| Opening insurance contract liabilities for account of segregated fund holders, beginning balance |
0
|
|
| Net opening balance, beginning balance |
(878)
|
|
| Cash flows |
|
|
| Net closing balance, ending balance |
(698)
|
(878)
|
| Closing insurance contract assets, ending balance |
0
|
(11)
|
| Closing insurance contract liabilities, ending balance |
(698)
|
(867)
|
| Closing insurance contract liabilities for account of segregated fund holders, ending balance |
0
|
0
|
| Insurance contracts issued | Cash flow hedges |
|
|
| Insurance finance (income) expenses |
|
|
| Reclassification of derivative |
(9)
|
(52)
|
| Insurance contracts issued | Fair value hedges |
|
|
| Insurance finance (income) expenses |
|
|
| Reclassification of derivative |
2,093
|
3,346
|
| Insurance contracts issued | Liabilities for remaining coverage, excluding loss component |
|
|
| Changes in insurance contracts for reconciliation by remaining coverage and incurred claims [abstract] |
|
|
| Opening insurance contract assets, beginning balance |
(153)
|
(201)
|
| Opening insurance contract liabilities, beginning balance |
377,600
|
351,045
|
| Opening insurance contract liabilities for account of segregated fund holders, beginning balance |
126,545
|
114,143
|
| Net opening balance, beginning balance |
503,992
|
464,987
|
| Insurance revenue |
|
|
| Expected incurred claims and other insurance service expenses |
(15,284)
|
(14,340)
|
| Change in risk adjustment for non-financial risk expired |
(1,401)
|
(1,414)
|
| CSM recognized for services provided |
(3,130)
|
(2,697)
|
| Recovery of insurance acquisition cash flows |
(1,907)
|
(1,351)
|
| Contracts under PAA |
(7,166)
|
(6,790)
|
| Insurance revenue |
(28,888)
|
(26,592)
|
| Insurance service expense |
|
|
| Incurred claims and other insurance service expenses |
0
|
0
|
| Losses and reversal of losses on onerous contracts (future service) |
0
|
0
|
| Changes to liabilities for incurred claims (past service) |
0
|
0
|
| Amortization of insurance acquisition cash flows |
2,903
|
2,148
|
| Net impairment of assets for insurance acquisition cash flows |
0
|
0
|
| Insurance service expense |
2,903
|
2,148
|
| Investment components and premium refunds |
(20,812)
|
(23,554)
|
| Insurance service result |
(46,797)
|
(47,998)
|
| Insurance finance (income) expenses |
22,608
|
2,645
|
| Effects of movements in foreign exchange rates |
(13,914)
|
24,962
|
| Total changes in income and OCI |
(38,103)
|
(20,391)
|
| Cash flows |
|
|
| Premiums and premium tax received |
61,722
|
55,437
|
| Claims and other insurance service expenses paid, including investment components |
0
|
0
|
| Insurance acquisition cash flows |
(9,749)
|
(8,287)
|
| Total cash flows |
51,973
|
47,150
|
| Allocation from assets for insurance acquisition cash flows to groups of insurance contracts |
(137)
|
(156)
|
| Acquisition cash flows incurred in the year |
0
|
0
|
| Movements related to insurance contract liabilities for account of segregated fund holders |
2,461
|
12,402
|
| Net closing balance, ending balance |
520,186
|
503,992
|
| Closing insurance contract assets, ending balance |
(259)
|
(153)
|
| Closing insurance contract liabilities, ending balance |
391,439
|
377,600
|
| Closing insurance contract liabilities for account of segregated fund holders, ending balance |
129,006
|
126,545
|
| Insurance finance (income) expenses |
|
|
| Insurance finance (income) expenses, per disclosure above |
22,608
|
2,645
|
| Insurance contracts issued | Liabilities for remaining coverage, loss component |
|
|
| Changes in insurance contracts for reconciliation by remaining coverage and incurred claims [abstract] |
|
|
| Opening insurance contract assets, beginning balance |
5
|
0
|
| Opening insurance contract liabilities, beginning balance |
2,023
|
1,092
|
| Opening insurance contract liabilities for account of segregated fund holders, beginning balance |
0
|
0
|
| Net opening balance, beginning balance |
2,028
|
1,092
|
| Insurance revenue |
|
|
| Expected incurred claims and other insurance service expenses |
0
|
0
|
| Change in risk adjustment for non-financial risk expired |
0
|
0
|
| CSM recognized for services provided |
0
|
0
|
| Recovery of insurance acquisition cash flows |
0
|
0
|
| Contracts under PAA |
0
|
0
|
| Insurance revenue |
0
|
0
|
| Insurance service expense |
|
|
| Incurred claims and other insurance service expenses |
(137)
|
(105)
|
| Losses and reversal of losses on onerous contracts (future service) |
393
|
882
|
| Changes to liabilities for incurred claims (past service) |
0
|
0
|
| Amortization of insurance acquisition cash flows |
0
|
0
|
| Net impairment of assets for insurance acquisition cash flows |
0
|
0
|
| Insurance service expense |
256
|
777
|
| Investment components and premium refunds |
0
|
0
|
| Insurance service result |
256
|
777
|
| Insurance finance (income) expenses |
58
|
44
|
| Effects of movements in foreign exchange rates |
(85)
|
115
|
| Total changes in income and OCI |
229
|
936
|
| Cash flows |
|
|
| Premiums and premium tax received |
0
|
0
|
| Claims and other insurance service expenses paid, including investment components |
0
|
0
|
| Insurance acquisition cash flows |
0
|
0
|
| Total cash flows |
0
|
0
|
| Allocation from assets for insurance acquisition cash flows to groups of insurance contracts |
0
|
0
|
| Acquisition cash flows incurred in the year |
0
|
0
|
| Movements related to insurance contract liabilities for account of segregated fund holders |
0
|
0
|
| Net closing balance, ending balance |
2,257
|
2,028
|
| Closing insurance contract assets, ending balance |
9
|
5
|
| Closing insurance contract liabilities, ending balance |
2,248
|
2,023
|
| Closing insurance contract liabilities for account of segregated fund holders, ending balance |
0
|
0
|
| Insurance finance (income) expenses |
|
|
| Insurance finance (income) expenses, per disclosure above |
58
|
44
|
| Insurance contracts issued | Liabilities for incurred claims | Products not under PAA |
|
|
| Changes in insurance contracts for reconciliation by remaining coverage and incurred claims [abstract] |
|
|
| Opening insurance contract assets, beginning balance |
56
|
56
|
| Opening insurance contract liabilities, beginning balance |
5,698
|
5,609
|
| Opening insurance contract liabilities for account of segregated fund holders, beginning balance |
0
|
0
|
| Net opening balance, beginning balance |
5,754
|
5,665
|
| Insurance revenue |
|
|
| Expected incurred claims and other insurance service expenses |
0
|
0
|
| Change in risk adjustment for non-financial risk expired |
0
|
0
|
| CSM recognized for services provided |
0
|
0
|
| Recovery of insurance acquisition cash flows |
0
|
0
|
| Contracts under PAA |
0
|
0
|
| Insurance revenue |
0
|
0
|
| Insurance service expense |
|
|
| Incurred claims and other insurance service expenses |
14,823
|
13,855
|
| Losses and reversal of losses on onerous contracts (future service) |
0
|
0
|
| Changes to liabilities for incurred claims (past service) |
67
|
(12)
|
| Amortization of insurance acquisition cash flows |
0
|
0
|
| Net impairment of assets for insurance acquisition cash flows |
0
|
0
|
| Insurance service expense |
14,890
|
13,843
|
| Investment components and premium refunds |
18,071
|
20,835
|
| Insurance service result |
32,961
|
34,678
|
| Insurance finance (income) expenses |
176
|
(85)
|
| Effects of movements in foreign exchange rates |
(185)
|
272
|
| Total changes in income and OCI |
32,952
|
34,865
|
| Cash flows |
|
|
| Premiums and premium tax received |
0
|
0
|
| Claims and other insurance service expenses paid, including investment components |
(32,582)
|
(34,776)
|
| Insurance acquisition cash flows |
0
|
0
|
| Total cash flows |
(32,582)
|
(34,776)
|
| Allocation from assets for insurance acquisition cash flows to groups of insurance contracts |
0
|
0
|
| Acquisition cash flows incurred in the year |
0
|
0
|
| Movements related to insurance contract liabilities for account of segregated fund holders |
0
|
0
|
| Net closing balance, ending balance |
6,124
|
5,754
|
| Closing insurance contract assets, ending balance |
56
|
56
|
| Closing insurance contract liabilities, ending balance |
6,068
|
5,698
|
| Closing insurance contract liabilities for account of segregated fund holders, ending balance |
0
|
0
|
| Insurance finance (income) expenses |
|
|
| Insurance finance (income) expenses, per disclosure above |
176
|
(85)
|
| Insurance contracts issued | Liabilities for incurred claims | PAA | PAA Estimates of PV of future cash flows |
|
|
| Changes in insurance contracts for reconciliation by remaining coverage and incurred claims [abstract] |
|
|
| Opening insurance contract assets, beginning balance |
1
|
0
|
| Opening insurance contract liabilities, beginning balance |
11,256
|
10,445
|
| Opening insurance contract liabilities for account of segregated fund holders, beginning balance |
0
|
0
|
| Net opening balance, beginning balance |
11,257
|
10,445
|
| Insurance revenue |
|
|
| Expected incurred claims and other insurance service expenses |
0
|
0
|
| Change in risk adjustment for non-financial risk expired |
0
|
0
|
| CSM recognized for services provided |
0
|
0
|
| Recovery of insurance acquisition cash flows |
0
|
0
|
| Contracts under PAA |
0
|
0
|
| Insurance revenue |
0
|
0
|
| Insurance service expense |
|
|
| Incurred claims and other insurance service expenses |
7,565
|
7,423
|
| Losses and reversal of losses on onerous contracts (future service) |
0
|
0
|
| Changes to liabilities for incurred claims (past service) |
(2,595)
|
(2,391)
|
| Amortization of insurance acquisition cash flows |
0
|
0
|
| Net impairment of assets for insurance acquisition cash flows |
0
|
0
|
| Insurance service expense |
4,970
|
5,032
|
| Investment components and premium refunds |
2,741
|
2,719
|
| Insurance service result |
7,711
|
7,751
|
| Insurance finance (income) expenses |
546
|
689
|
| Effects of movements in foreign exchange rates |
(32)
|
29
|
| Total changes in income and OCI |
8,225
|
8,469
|
| Cash flows |
|
|
| Premiums and premium tax received |
0
|
0
|
| Claims and other insurance service expenses paid, including investment components |
(7,794)
|
(7,657)
|
| Insurance acquisition cash flows |
0
|
0
|
| Total cash flows |
(7,794)
|
(7,657)
|
| Allocation from assets for insurance acquisition cash flows to groups of insurance contracts |
0
|
0
|
| Acquisition cash flows incurred in the year |
0
|
0
|
| Movements related to insurance contract liabilities for account of segregated fund holders |
0
|
0
|
| Net closing balance, ending balance |
11,688
|
11,257
|
| Closing insurance contract assets, ending balance |
0
|
1
|
| Closing insurance contract liabilities, ending balance |
11,688
|
11,256
|
| Closing insurance contract liabilities for account of segregated fund holders, ending balance |
0
|
0
|
| Insurance finance (income) expenses |
|
|
| Insurance finance (income) expenses, per disclosure above |
546
|
689
|
| Insurance contracts issued | Liabilities for incurred claims | PAA | PAA Risk adjustment for non-financial risk |
|
|
| Changes in insurance contracts for reconciliation by remaining coverage and incurred claims [abstract] |
|
|
| Opening insurance contract assets, beginning balance |
0
|
0
|
| Opening insurance contract liabilities, beginning balance |
691
|
625
|
| Opening insurance contract liabilities for account of segregated fund holders, beginning balance |
0
|
0
|
| Net opening balance, beginning balance |
691
|
625
|
| Insurance revenue |
|
|
| Expected incurred claims and other insurance service expenses |
0
|
0
|
| Change in risk adjustment for non-financial risk expired |
0
|
0
|
| CSM recognized for services provided |
0
|
0
|
| Recovery of insurance acquisition cash flows |
0
|
0
|
| Contracts under PAA |
0
|
0
|
| Insurance revenue |
0
|
0
|
| Insurance service expense |
|
|
| Incurred claims and other insurance service expenses |
227
|
224
|
| Losses and reversal of losses on onerous contracts (future service) |
0
|
0
|
| Changes to liabilities for incurred claims (past service) |
(155)
|
(202)
|
| Amortization of insurance acquisition cash flows |
0
|
0
|
| Net impairment of assets for insurance acquisition cash flows |
0
|
0
|
| Insurance service expense |
72
|
22
|
| Investment components and premium refunds |
0
|
0
|
| Insurance service result |
72
|
22
|
| Insurance finance (income) expenses |
24
|
44
|
| Effects of movements in foreign exchange rates |
0
|
0
|
| Total changes in income and OCI |
96
|
66
|
| Cash flows |
|
|
| Premiums and premium tax received |
0
|
0
|
| Claims and other insurance service expenses paid, including investment components |
0
|
0
|
| Insurance acquisition cash flows |
0
|
0
|
| Total cash flows |
0
|
0
|
| Allocation from assets for insurance acquisition cash flows to groups of insurance contracts |
0
|
0
|
| Acquisition cash flows incurred in the year |
0
|
0
|
| Movements related to insurance contract liabilities for account of segregated fund holders |
0
|
0
|
| Net closing balance, ending balance |
787
|
691
|
| Closing insurance contract assets, ending balance |
0
|
0
|
| Closing insurance contract liabilities, ending balance |
787
|
691
|
| Closing insurance contract liabilities for account of segregated fund holders, ending balance |
0
|
0
|
| Insurance finance (income) expenses |
|
|
| Insurance finance (income) expenses, per disclosure above |
24
|
44
|
| Insurance contracts issued | Liabilities for incurred claims | PAA | Assets for insurance acquisition cash flows |
|
|
| Changes in insurance contracts for reconciliation by remaining coverage and incurred claims [abstract] |
|
|
| Opening insurance contract assets, beginning balance |
(11)
|
0
|
| Opening insurance contract liabilities, beginning balance |
(867)
|
(820)
|
| Opening insurance contract liabilities for account of segregated fund holders, beginning balance |
0
|
0
|
| Net opening balance, beginning balance |
(878)
|
(820)
|
| Insurance revenue |
|
|
| Expected incurred claims and other insurance service expenses |
0
|
0
|
| Change in risk adjustment for non-financial risk expired |
0
|
0
|
| CSM recognized for services provided |
0
|
0
|
| Recovery of insurance acquisition cash flows |
0
|
0
|
| Contracts under PAA |
0
|
0
|
| Insurance revenue |
0
|
0
|
| Insurance service expense |
|
|
| Incurred claims and other insurance service expenses |
0
|
0
|
| Losses and reversal of losses on onerous contracts (future service) |
0
|
0
|
| Changes to liabilities for incurred claims (past service) |
0
|
0
|
| Amortization of insurance acquisition cash flows |
0
|
0
|
| Net impairment of assets for insurance acquisition cash flows |
0
|
0
|
| Insurance service expense |
0
|
0
|
| Investment components and premium refunds |
0
|
0
|
| Insurance service result |
0
|
0
|
| Insurance finance (income) expenses |
0
|
0
|
| Effects of movements in foreign exchange rates |
14
|
(21)
|
| Total changes in income and OCI |
14
|
(21)
|
| Cash flows |
|
|
| Premiums and premium tax received |
0
|
0
|
| Claims and other insurance service expenses paid, including investment components |
0
|
0
|
| Insurance acquisition cash flows |
0
|
0
|
| Total cash flows |
0
|
0
|
| Allocation from assets for insurance acquisition cash flows to groups of insurance contracts |
137
|
156
|
| Acquisition cash flows incurred in the year |
29
|
(193)
|
| Movements related to insurance contract liabilities for account of segregated fund holders |
0
|
0
|
| Net closing balance, ending balance |
(698)
|
(878)
|
| Closing insurance contract assets, ending balance |
0
|
(11)
|
| Closing insurance contract liabilities, ending balance |
(698)
|
(867)
|
| Closing insurance contract liabilities for account of segregated fund holders, ending balance |
0
|
0
|
| Insurance finance (income) expenses |
|
|
| Insurance finance (income) expenses, per disclosure above |
$ 0
|
$ 0
|