PROMUTUEL RÉASSURANCE
Statement Of Income and Comprehensive Income
For the year ended December 31, 2025
2025 2024
(in thousands of Canadian dollars)
$
$
Insurance and reinsurance service result from contracts issued
Insurance and reinsurance service revenue
204,079
191,177
Insurance and reinsurance service expenses
123,202
189,154
80,877
2,023
Result from reinsurance contracts held
Transfer of reinsurance and retrocession on premiums
73,273
64,785
Amounts recovered from reinsurers and retrocessionaries 
for claims incurred
11,845
72,110
61,428
(7,325)
Insurance service result
19,449
9,348
Investment income
Investment income
31,548
39,530
Share of net loss in joint ventures
(35)
(14)
Gain on disposal from an investment in a joint venture
-
48
Financial expenses
(41)
(287)
31,472
39,277
Financial (expenses) income for insurance and reinsurance
contracts issued
(4,344)
(6,672)
Financial (expenses) income for reinsurance and retrocession
contracts held
545
2,804
(3,799)
(3,868)
Net financial result
27,673
35,409
2025 – ANNUAL REPORT 
51

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