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Segregated Funds (Tables) | 12 Months Ended
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Dec. 31, 2022
Separate Accounts Disclosure 1 [Abstract] |
Summary of 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, 2022 and 2021:
Type of fund | %
Money market | 1 to 5
Fixed income | 5 to 10
Balanced | 40 to 45
Equity | 45 to 50
Summary of carrying calue of Investments held for segregated fund holders | The carrying value of investments held for segregated fund holders are as follows:
As at December 31, |  |  | 2022 | 2021
Segregated and mutual fund units |  |  |  |  | $ | 113,070 |  |  | $ | 125,944 |
Equity securities |  |  |  |  | 8,251 |  |  | 9,963 |
Debt securities |  |  |  |  | 2,858 |  |  | 3,410 |
Cash, cash equivalents and short-term securities |  |  |  |  | 805 |  |  | 778 |
Investment properties |  |  |  |  | 438 |  |  | 446 |
Mortgages |  |  |  |  | 17 |  |  | 19 |
Other assets |  |  |  |  | 130 |  |  | 141 |
Total assets |  |  |  |  | $ | 125,569 |  |  | $ | 140,701 |
Less: Liabilities arising from investing activities |  |  |  |  | 277 |  |  | 705 |
Total investments for account of segregated fund holders |  |  |  |  | $ | 125,292 |  |  | $ | 139,996 |
Summary of changes in insurance contracts and investment contracts for account of segregated fund holders |
For the years ended December 31, |  |  |  |  |  |  |  | 2022 |  | 2021
Balance as at January 1 |  |  |  |  |  |  |  | $ | 139,996 |  |  | $ | 125,921 |
Additions to segregated funds: |  |  |  |  |  |  |  |  |  |
Deposits |  |  |  |  |  |  |  | 14,266 |  |  | 13,509 |
Net transfer (to) from general funds |  |  |  |  |  |  |  | (1,149) |  |  | (351) |
Net realized and unrealized gains (losses) |  |  |  |  |  |  |  | (18,669) |  |  | 9,516 |
Other investment income |  |  |  |  |  |  |  | 4,959 |  |  | 6,558 |
Total additions |  |  |  |  |  |  |  | $ | (593) |  |  | $ | 29,232 |
Deductions from segregated funds: |  |  |  |  |  |  |  |  |  |
Payments to policyholders and their beneficiaries |  |  |  |  |  |  |  | 12,218 |  |  | 12,966 |
Management fees |  |  |  |  |  |  |  | 1,188 |  |  | 1,276 |
Taxes and other expenses |  |  |  |  |  |  |  | 392 |  |  | 435 |
Foreign exchange rate movements |  |  |  |  |  |  |  | 313 |  |  | 480 |
Total deductions |  |  |  |  |  |  |  | $ | 14,111 |  |  | $ | 15,157 |
Net additions (deductions) |  |  |  |  |  |  |  | (14,704) |  |  | 14,075 |
Balance as at December 31 |  |  |  |  |  |  |  | $ | 125,292 |  |  | $ | 139,996 |

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