b'PROMUTUEL RASSURANCESTATEMENT OF FINANCIAL POSITION(CONT.)As at December 31, 20232023 2022$ $(in thousands of Canadian dollars) Adjusted*LIABILITIESInsurance and reinsurance contracts issued that are liabilities 221,788 232,452Accounts payable and accrued liabilities - 115Income taxes payable 3,898 -Lease obligations - 314Pension benefit liabilities 265 366Total liabilities 225,951 233,247EQUITYCapital 3,284 3,284Retained earnings 160,176 132,315Accumulated other comprehensive income 355 268Total equity 163,815 135,867Total liabilities and equity 389,766 369,114rt o Rep l a u n n A 943 2 02 |*Adjusted for the application of the IFRS 17 standard, restrospectively on January 1, 2022.'