b'PROMUTUEL RASSURANCESTATEMENT OF CHANGES IN EQUITYFor the year ended December 31, 2022Accumulated other Retainedcomprehensive Capital earnings income Total(in thousands of Canadian dollars) $ $ $ $Balance as at January 1, 2022 3,284 137,012 17,027 157,323Net income - (6,102) - (6,102)Other comprehensive income Available-for-sale investments - - (20,070) (20,070)Actuarial gains on pension plans - - 263 263Balance as at December 31, 2022 3,284 130,910 (2,780) 131,414Balance 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 17,027 157,3230 6 2 A nnua l 2 Re or t | p 20'