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Segregated Funds (Tables)
 12 Months Ended
Dec. 31, 2022
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, 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