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Segregated Funds (Tables)
 12 Months Ended
Dec. 31, 2021
Text block [abstract]  
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, 2021 and 2020.
 
    Ranges in per cent  
Type of fund
  
2021
     2020  
Money market funds
  
 
2% to
 
3%
 
     2% to
 
3%		  
Fixed income funds
  
 
14% to 15%
 
     14% to 16%  
Balanced funds
  
 
22% to 23%
 
     23% to 24%  
Equity funds
  
 
60% to 62%
 
     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,
  
2021
     2020  
Investments at market value
                
Cash and short-term securities
  
$
3,955
 
   $ 4,054  
Debt securities
  
 
18,651
 
     17,913  
Equities
  
 
16,844
 
     14,227  
Mutual funds
  
 
354,882
 
     326,889  
Other investments
  
 
4,613
 
     4,599  
Accrued investment income
  
 
2,340
 
     1,670  
Other assets and liabilities, net
  
 
(1,089
) 
     (1,543 ) 
Total segregated funds net assets
  
$
  400,196
 
   $ 367,809  
Composition of segregated funds net assets
                
Held by policyholders
  
$
399,788
 
   $ 367,436  
Held by the Company
  
 
408
 
     373  
Total segregated funds net assets
  
$
  400,196
 
   $   367,809  
Summary of Changes in Segregated Funds Net Assets
Changes in segregated funds net assets
 
For the years ended December 31,
  
2021
     2020  
Net policyholder cash flow
                
Deposits from policyholders
  
$
44,548
 
   $ 38,898  
Net transfers to general fund
  
 
(732
) 
     (1,515 ) 
Payments to policyholders
  
 
(52,182
) 
     (44,818 ) 
 
  
 
(8,366
) 
     (7,435 ) 
Investment related
                
Interest and dividends
  
 
24,092
 
     16,775  
Net realized and unrealized investment gains (losses)
  
 
21,549
 
     24,514  
 
  
 
45,641
 
     41,289  
Other
                
Management and administration fees
  
 
(4,115
) 
     (3,942 ) 
Impact of changes in foreign exchange rates
  
 
(773
) 
     (5,580 ) 
 
  
 
(4,888
) 
     (9,522 ) 
Net additions (deductions)
  
 
32,387
 
     24,332  
Segregated funds net assets, beginning of year
  
 
367,809
 
     343,477  
Segregated funds net assets, end of year
  
$
  400,196
 
   $   367,809