b'46 PROMUTUEL RASSURANCECONSOLIDATED STATEMENTOF CHANGES IN EQUITYFor the year ended December 31, 2021Accumu-lated other compre-Retainedhensive Capital earnings income Total(in thousands of Canadian dollars) $ $ $ $Balance as at January 1, 2021 3,284 123,677 3,889 130,850Net income - 13,335 - 13,335Other comprehensive income Available-for-sale investments - - 12,921 12,921Actuarial gains on pension plans - - 217 217Balance as at December 31, 2021 3,284 137,012 17,027 157,323Balance as at January 1, 2020 3,284 92,875 9,584 105,743Net income - 30,802 - 30,802Other comprehensive income Available-for-sale investments - - (5,341) (5,341)Actuarial losses on pension plans - - (354) (354)Balance as at December 31, 2020 3,284 123,677 3,889 130,850A N N UA L R E P O R T 2021'