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Segregated Funds (Tables) | 12 Months Ended
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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 |

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