difference

gain is the positive difference between the paid-out capital and the total amount of premiums paid. For contracts entered into before January 1, 2026, the reserve as of December 31, 2025 (the “snapshot date”) serves as the reference value. In this case, the taxable capital gain is the positive difference between the paid-out capital and this reserve.

....................................................................................................................................... 80 E.4. Differences between the Standard Formula and any internal model used ............................. 80 E.5. Non-compliance with the Minimum Capital Requirement (MCR) and non-compliance with the

.............................................................................................................................. 67 D.1 (a) Bases, methods and main assumptions used for the valuation for solvency purposes ..... 67 D.1 (b) Material differences between the bases, methods and assumptions used for the valuation for solvency purposes and those used in... assumptions used for the valuation for solvency purposes ..... 69 D.2 (b) Uncertainty associated with the value of technical provisions ......................................... 71 D.2 (c) Material differences between the bases, methods and main assumptions

valuation for solvency purposes ..... 69 D.1 (b) Material differences between the bases, methods and assumptions used for the valuation for solvency purposes and those used in financial statements ................................................... 71 D.2... associated with the value of technical provisions ........................................ 73 D.2 (c) Material differences between the bases, methods and main assumptions used for the valuation for solvency purposes and those used in financial statements

............................................................................................................................. 81 E.4 Differences between the Standard Formula and any internal model used .......................... 81 E.5 Non-compliance with the MCR and non-compliance with the SCR ..................................... 81

duration-based equity risk sub-module in the calculation of the Solvency Capital Requirement ....................................................................................................................................... 74 E.4 Differences between