Consolidated Statementof Changes in Equity
For the year ended December 31, 2025
Non-controlling interests
(in thousands of Canadian dollars)
Retained 
earnings
$
Accumulated
other
comprehensive 
income
$
Total 
equity 
excluding
Fonds de 
garantie
$
Capital
$
General
reserve
$
Total 
equity
related to
Fonds de 
garantie
$
Total
equity
$
Balance as at January 1, 2024
18,126
4,854
22,980
3,920
3,340
7,260
30,240
Net income
11,078
-
11,078
-
194
194
11,272
Member reimbursements
-
-
-
(735)
-
(735)
(735)
Other comprehensive income
Actuarial gain on pension plans, net of 
income taxes of $1,762
-
4,888
4,888
-
-
-
4,888
Balance as at December 31, 2024
29,204
9,742
38,946
3,185
3,534
6,719
45,665
Balance as at January 1, 2025
29,204
9,742
38,946
3,185
3,534
6,719
45,665
Net income (loss)
(1,224)
-
(1,224)
-
248
248
(976)
Member reimbursements
-
-
-
(245)
-
(245)
(245)
Other comprehensive income
Actuarial gain on pension plans, net of 
income taxes of $1,619
-
4,489
4,489
-
-
-
4,489
Balance as at December 31, 2025
27,980
14,231
42,211
2,940
3,782
6,722
48,933
GROUPE PROMUTUEL FÉDÉRATION DE SOCIÉTÉS MUTUELLES D’ASSURANCE GÉNÉRALE
2025 – ANNUAL REPORT  
40

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