Segregated Funds (Tables)

12 Months Ended

Dec. 31, 2020

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Summary of Composition of Net Assets by Categories of Segregated Funds

The composition of net assets by categories of segregated funds was within the following ranges for the years ended December 31, 2020 and 2019.

	Ranges in per cent
Type of fund	2020		2019
Money market funds		2% to 3%		2% to 3%
Fixed income funds		14% to 16%		14% to 15%
Balanced funds		23% to 24%		24% to 25%
Equity funds		58% to 60%		58% to 60%

Summary of Composition of Segregated Funds Net Assets

The carrying value and change in segregated funds net assets are as follows.

Segregated funds net assets

As at December 31,	2020			2019
Investments at market value
Cash and short-term securities	$	4,054		$	3,364
Debt securities		17,913			16,883
Equities		14,227			12,989
Mutual funds		326,889			304,753
Other investments		4,599			4,785
Accrued investment income		1,670			1,678
Other assets and liabilities, net		(1,543	)		(975	)
Total segregated funds net assets	$	367,809		$	343,477
Composition of segregated funds net assets
Held by policyholders	$	367,436		$	343,108
Held by the Company		373			369
Total segregated funds net assets	$	367,809		$	343,477

Summary of Changes in Segregated Funds Net Assets

Changes in segregated funds net assets

For the years ended December 31,	2020			2019
Net policyholder cash flow
Deposits from policyholders	$	38,898		$	38,561
Net transfers to general fund		(1,515	)		(1,000	)
Payments to policyholders		(44,818	)		(49,372	)
		(7,435	)		(11,811	)
Investment related
Interest and dividends		16,775			18,872
Net realized and unrealized investment gains (losses)		24,514			37,643
		41,289			56,515
Other
Management and administration fees		(3,942	)		(3,926	)
Impact of changes in foreign exchange rates		(5,580	)		(10,897	)
		(9,522	)		(14,823	)
Net additions		24,332			29,881
Segregated funds net assets, beginning of year		343,477			313,596
Segregated funds net assets, end of year	$	367,809		$	343,477