Segregated Funds (Tables)

12 Months Ended

Dec. 31, 2018

The composition of net assets by categories of segregated funds was within the following ranges for the years ended December 31, 2018 and 2017.

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

Segregated funds net assets



As at December 31,	2018			2017
Investments at market value
Cash and short-term securities	$	3,700		$	4,756
Debt securities		15,313			15,472
Equities		11,661			12,624
Mutual funds		277,133			288,007
Other investments		4,678			4,514
Accrued investment income		1,811			201
Other assets and liabilities, net		(700	)		(766	)
Total segregated funds net assets	$	313,596		$	324,808
Composition of segregated funds net assets
Held by policyholders	$	313,209		$	324,307
Held by the Company		387			501
Total segregated funds net assets	$	313,596		$	324,808

Changes in segregated funds net assets



For the years ended December 31,	2018			2017
Net policyholder cash flow
Deposits from policyholders	$	38,236		$	34,776
Net transfers to general fund		(1,089	)		(1,734	)
Payments to policyholders		(47,475	)		(46,305	)
		(10,328	)		(13,263	)
Investment related
Interest and dividends		19,535			16,930
Net realized and unrealized investment gains (losses)		(34,683	)		24,384
		(15,148	)		41,314
Other
Management and administration fees		(3,985	)		(4,161	)
Impact of changes in foreign exchange rates		18,249			(14,790	)
		14,264			(18,951	)
Net additions (deductions)		(11,212	)		9,100
Segregated funds net assets, beginning of year		324,808			315,708
Segregated funds net assets, end of year	$	313,596		$	324,808