2022-23 SGI CANADA Annual Report
13. Equity Advances
The Corporation does not have share capital. However, the Corporation has received equity advances from its
parent, CIC, to form its equity capitalization. The advances reflect an equity investment in the Corporation by CIC.
14. Net Investment Earnings
Components of net investment earnings are as follows:
Interest and other
Investment fund distributions
Premium financing
Dividends
Net unrealized losses on change in market value of investments
Net realized (losses) gains on sale of investments
(thousands of $)
2023
2022
$
27,828 $
11,181
21,829
36,866
15,829
14,368
91
(4,229)
(53,596)
(16,095)
26,115
45,162
35,025
(2,686)
(2,709)
$
42,476
$
32,316
Total investment earnings
Investment expenses
Net investment earnings
Details of the net unrealized losses on change in market value of investments are as follows:
(thousands of $)
2023
2022
Short-term investments
Bonds and debentures
$
1,330 $
3,595
Canadian common shares
Investment funds:
Canadian equity
Global equity
Global small cap equity
Mortgage
Real estate
Total net unrealized losses
(29,244)
(6,680)
(10,045)
(1,779)
2,719
(13,091)
(378)
(7,482)
(3,234)
(4,087)
1,784
8,767
$
(4,229) $
(53,596)
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