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Segregated Funds (Tables) | 12 Months Ended
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Dec. 31, 2020
Separate Accounts Disclosure 1 [Abstract] |
Segregated Fund Types by Percentage of Investments | The segregated fund types offered, by percentage of total investments for account of segregated fund holders, were within the following ranges as at December 31, 2020 and 2019:
Type of fund | %
Money market | 1 to 5
Fixed income | 10 to 15
Balanced | 40 to 45
Equity | 40 to 45
Carrying Value of Investments Held for Segregated Fund Holders | The carrying value of investments held for segregated fund holders are as follows:
As at December 31, | 2020 | 2019
Segregated and mutual fund units |  | $ | 111,789 |  |  | $ | 102,071 |
Equity securities |  | 9,733 |  |  | 10,565 |
Debt securities |  | 3,874 |  |  | 3,825 |
Cash, cash equivalents and short-term securities |  | 693 |  |  | 589 |
Investment properties |  | 387 |  |  | 403 |
Mortgages |  | 19 |  |  | 21 |
Other assets |  | 140 |  |  | 146 |
Total assets |  | $ | 126,635 |  |  | $ | 117,620 |
Less: Liabilities arising from investing activities |  | 714 |  |  | 647 |
Total investments for account of segregated fund holders |  | $ | 125,921 |  |  | $ | 116,973 |
Changes in Insurance Contracts and Investment Contracts for Account of Segregated Fund Holders | Changes in insurance contracts and investment contracts for account of segregated fund holders are as follows:
For the years ended December 31, |  |  |  |  | 2020 | 2019
Balance as at January 1 |  |  |  |  |  |  |  |  |  | $ | 116,973 |  |  | $ | 103,062 |
Additions to segregated funds: |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  |  |  |  |  |  |  |  |  | 12,880 |  |  | 11,958 |
Net transfer (to) from general funds |  |  |  |  |  |  |  |  |  | (1,825) |  |  | (437) |
Net realized and unrealized gains (losses) |  |  |  |  |  |  |  |  |  | 5,643 |  |  | 11,544 |
Other investment income |  |  |  |  |  |  |  |  |  | 4,275 |  |  | 4,665 |
Total additions |  |  |  |  |  |  |  |  |  | $ | 20,973 |  |  | $ | 27,730 |
Deductions from segregated funds: |  |  |  |  |  |  |  |  |  |  |  |
Payments to policyholders and their beneficiaries |  |  |  |  |  |  |  |  |  | 10,618 |  |  | 12,024 |
Management fees |  |  |  |  |  |  |  |  |  | 1,126 |  |  | 1,109 |
Taxes and other expenses |  |  |  |  |  |  |  |  |  | 396 |  |  | 385 |
Foreign exchange rate movements |  |  |  |  |  |  |  |  |  | (115) |  |  | 301 |
Total deductions |  |  |  |  |  |  |  |  |  | $ | 12,025 |  |  | $ | 13,819 |
Net additions (deductions) |  |  |  |  |  |  |  |  |  | $ | 8,948 |  |  | $ | 13,911 |
Balance as at December 31 |  |  |  |  |  |  |  |  |  | $ | 125,921 |  |  | $ | 116,973 |

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