b'PROMUTUEL RASSURANCESTATEMENT OF INCOME (CONTD)For the year ended December 31, 20222022 2021$ $(in thousands of Canadian dollars)EXPENSES (REVENUE)Acquisition 72,081 62,065Administration fees 11,616 13,573Contribution (7,901) (9,351)Retrocession and reinsurance commissions (9,825) (6,979)Premium taxes 50 61Total net expenses 66,021 59,369Insurance earnings 2,577 22,626Investment income (loss) (567) 2,223Other revenue 2,173 -Share of net income in an associate (13) (70)Share of net income in joint ventures and gain on disposal 886 (688)Interest expenses (71) (295)Gain on disposal of customer relationship - 583Restructuring costs - (186)Dividends (17,493) (6,529)(15,085) (4,962)2| t or Re 2 20 l nnua A 26 p Earnings before income taxes (12,508) 17,664Income taxes (6,406) 4,329Net income (6,102) 13,335'