Groupe Promutuel
Mutual companies and affiliated entities
Highlights
| Combined financial overview Statement of income and comprehensive income For the year ended December 31, 2024 (in millions of Canadian dollars) |
|
|
|---|---|---|
| Insurance service revenue | 1,291 | 1,153 |
| Insurance service expenses | (1,105) | (956) |
| Insurance service result before reinsurance | 186 | 197 |
| Transfer of reinsurance on premiums | (85) | (64) |
| Amounts recovered from reinsurers for claims incurred | 83 | 19 |
| Net income from reinsurance contracts held | (2) | (45) |
| Insurance service result | 184 | 152 |
| Net financial result | 169 | 109 |
| Other expenses | (73) | (55) |
| Income before Income taxes | 280 | 206 |
| Income taxes | 70 | 50 |
| Net income | 210 | 156 |
| Other comprehensive income | 20 | (13) |
| Comprehensive income | 230 | 143 |
| Combined financial overview Statement of financial position As at December 31, 2024 (in millions of Canadian dollars) |
|
|
|---|---|---|
Assets | ||
| Investments, loans, and cash | 1,861 | 1,625 |
| Tangible capital and intangible assets | 89 | 75 |
| Right-of-use assets | 53 | 54 |
| Assets under reinsurance treaties held | 27 | 59 |
| Other assets | 56 | 46 |
| 2,086 | 1,859 | |
Liabilities | ||
| Liabilities under insurance contracts | 577 | 565 |
| Accounts payable | 54 | 45 |
| Lease obligations | 58 | 55 |
| Other liabilities | 24 | 61 |
| 713 | 726 | |
Equity | ||
| Capital, reserves, and retained earnings | 1,373 | 1,133 |
| 2,086 | 1,869 | |