b'PROMUTUEL RASSURANCESTATEMENT OF INCOME AND COMPREHENSIVE INCOMEFor the year ended December 31, 20242024 2023$ $(in thousands of Canadian dollars)Insurance and reinsurance service result from contracts issuedInsurance and reinsurance service revenue 191,177 165,291Insurance and reinsurance service expenses 189,154 108,5762,023 56,715Reinsurance and retrocession service result from contracts heldTransfer of reinsurance and retrocession on premiums 64,785 52,616Amounts recovered from reinsurers and retrocessionariesfor claims incurred 72,110 11,930(7,325) 40,686Insurance service result 9,348 16,029Investment incomeInvestment income 39,530 26,516Share of net income in an associate - 1Share of net income in joint ventures (14) -Gain on disposal from an investment in a joint venture 48 1,794Financial expenses (287) (211)39,277 28,100Financial income for insurance and reinsurance contracts issued (6,672) (4,863)Financial income (expenses) for reinsurance and retrocession contracts held 2,804 1,541 A n n al Re p o rt u 51(3,868) (3,322)Net financial result 35,409 24,7784 2 0 2 |'