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Segregated Funds (Tables) | 12 Months Ended
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Dec. 31, 2022
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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, 2022 and 2021.
|  | Ranges in per cent |
Type of fund |  | 2022 |  |  | 2021 |
Money market funds |  |  | 2% to 3% |  |  |  | 2% to 3% |
Fixed income funds |  |  | 13% to 14% |  |  |  | 14% to 15% |
Balanced funds |  |  | 22% to 23% |  |  |  | 22% to 23% |
Equity funds |  |  | 61% to 62% |  |  |  | 60% to 62% |
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, |  | 2022 |  |  | 2021 |
Investments at market value |  |  |  |  |  |  |  |
Cash and short-term securities |  | $ | 4,280 |  |  | $ | 3,955 |
Debt securities |  |  | 15,270 |  |  |  | 18,651 |
Equities |  |  | 15,499 |  |  |  | 16,844 |
Mutual funds |  |  | 308,707 |  |  |  | 354,882 |
Other investments |  |  | 4,293 |  |  |  | 4,613 |
Accrued investment income |  |  | 1,680 |  |  |  | 2,340 |
Other assets and liabilities, net |  |  | (796 | ) |  |  | (1,089 | )
Total segregated funds net assets |  | $ | 348,933 |  |  | $ | 400,196 |
Composition of segregated funds net assets |  |  |  |  |  |  |  |
Held by policyholders |  | $ | 348,562 |  |  | $ | 399,788 |
Held by the Company |  |  | 371 |  |  |  | 408 |
Total segregated funds net assets |  | $ | 348,933 |  |  | $ | 400,196 |
Summary of Changes in Segregated Funds Net Assets | Changes in segregated funds net assets
For the years ended December 31, |  | 2022 |  |  | 2021 |
Net policyholder cash flows |  |  |  |  |  |  |  |
Deposits from policyholders |  | $ | 42,427 |  |  | $ | 44,548 |
Net transfers to general fund |  |  | (1,267 | ) |  |  | (732 | )
Payments to policyholders |  |  | (46,333 | ) |  |  | (52,182 | )
|  |  | (5,173 | ) |  |  | (8,366 | )
Investment related |  |  |  |  |  |  |  |
Interest and dividends |  |  | 21,900 |  |  |  | 24,092 |
Net realized and unrealized investment gains (losses) |  |  | (78,017 | ) |  |  | 21,549 |
|  |  | (56,117 | ) |  |  | 45,641 |
Other |  |  |  |  |  |  |  |
Management and administration fees |  |  | (3,886 | ) |  |  | (4,115 | )
Impact of changes in foreign exchange rates |  |  | 13,913 |  |  |  | (773 | )
|  |  | 10,027 |  |  |  | (4,888 | )
Net additions (deductions) |  |  | (51,263 | ) |  |  | 32,387 |
Segregated funds net assets, beginning of year |  |  | 400,196 |  |  |  | 367,809 |
Segregated funds net assets, end of year |  | $ | 348,933 |  |  | $ | 400,196 |

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