Statement of Changes in Equity
For the year ended December 31, 2025
(in thousands of Canadian dollars)
Capital
$
Retained
earnings
$
Accumulated
other
comprehensive
Income
$
Total
$
Balance as at January 1, 2024
3,284
160,176
355
163,815
Net income
-
30,105
-
30,105
Other comprehensive income
Actuarial gains on pension plans
-
-
17
17
Gain on share disposal of actuarial 
losses on pension plan of an associate
-
(92)
92
-
Balance as at December 31, 2024
3,284
190,189
464
193,937
Balance as at January 1, 2025
3,284
190,189
464
193,937
Net income
-
29,232
-
29,232
Other comprehensive income
Actuarial gains on pension plans
-
-
17
17
Balance as at December 31, 2025
3,284
219,421
481
223,186
PROMUTUEL RÉASSURANCE
2025 – ANNUAL REPORT  
50

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