b'PROMUTUEL RASSURANCESTATEMENT OF FINANCIAL POSITION(CONTD)As at December 31, 20222022 2021$ $(in thousands of Canadian dollars)LIABILITIESInsurance contract liabilitiesClaims being settled 149,422 135,532Unearned premiums 105,029 91,090Unearned reinsurance commissions 3,579 3,066258,030 229,688Accounts payable and accrued liabilities 21,495 12,502Income taxes payable - 934Contract liabilities - 138Lease liabilities 314 619Pension plan liabilities 366 685Retrocession deposits 13,169 12,112Total liabilities 293,374 256,678EQUITYCapital 3,284 3,284Retained earnings 130,910 137,012Accumulated other comprehensive income (2,780) 17,027Total equity 131,414 157,323Total liabilities and equity 424,788 414,0019 5 2 A nnua l 2 Re or t | p 20'