COMBINED FINANCIAL OVERVIEW
Statement of Income and Comprehensive Income
For the year ended December 31, 2025
2025 2024
(in thousands of Canadian dollars)
$
$
Results
Insurance service revenue
1,419,000
1,291,000
Insurance service expenses
(1,126,000)
(1,105,000)
Insurance service result
293,000
186,000
Premiums ceded to reinsurers
(100,000)
(85,000)
Amounts recovered from reinsurers for claims incurred
25,000
83,000
Result from reinsurance contracts held
(75,000)
(2,000)
Net insurance service result
218,000
184,000
Net financial results
158,000
169,000
Other operating expenses
(105,000)
(73,000)
Income before income taxes
271,000
280,000
Income taxes
69,000
70,000
Net income
202,000
210,000
Other comprehensive income items
17,000
20,000
Comprehensive income
219,000
230,000
2025 – ANNUAL REPORT  
32

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