gain

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.

When a life insurance policy is subject to capital gains tax, the tax is due as soon as a capital gain is realized upon surrender or upon the payment of the death benefit at the end of the policy term.If the policy is paid out following the death of the insured, the beneficiaries under the death benefit clause do not have to pay any capital gains tax on the realized gains. It goes without saying, however, that inheritance tax may still be due in accordance with applicable law.

A 10% tax applies to capital gains realized upon surrender or maturity of certain life insurance policies. More specifically, the following policies are affected: Branch 21 savings insurance: for which the eight-year term has expired with death... to withholding tax on interest income, no capital gains tax will apply. This capital gains tax does not apply to second- and third-pillar insurance contracts (group insurance, individual pension commitments, CPTI, PLCI, pension savings insurance, and

There is a basic annual exemption of €10,000 per taxpayer on the total capital gains realized during a single year. This amount is adjusted annually.Taxpayers who do not use the exemption may carry forward a maximum of 1,000 euros to the following year for up to 5 years, up to a total of 15,000 euros.

There are two ways to collect capital gains tax. The standard method is withholding tax (opt-in). The standard method provided for by law is withholding at source. This means that the insurance company automatically withholds the tax when the lump-sum payment is made and remits it to the tax authorities. You can include these capital gains on your tax return to take advantage of the annual exemption and to deduct any capital losses. With the other method, there is no withholding tax (opt-out

This 10% capital gains tax applies to natural persons with a tax residence in Belgium and non-profit associations and foundations with the exception of those that are being recognised as tax deductible for gifts. Natural persons with a tax residence outside Belgium and legal entities (such as companies that are subject to corporate income tax) are exempt from capital gains tax.

and other third parties is in accordance with ethical principles and we do not abuse our position to seek to gain unfair or unethical advantage. 1.1.2 The National Bank of Belgium’s (“NBB”) overarching Corporate Governance Circular for insurance... must ensure that CoI are, where possible, avoided. If they cannot, any CoI must be appropriately disclosed to their Compliance team and effectively managed. Policy Principles and Requirements 4.1.1 Monument does not abuse its position to seek to gain

Company’s results under Belgian norm for the period are shown below in Section A. Business and Performance. The business reported an underwriting gain for the reporting period of € 15,745,618 (2023: a profit of € 17,000,366).This strong bottom-line... .................................................................................................. 31 A.3 (a) Income & expenses ......................................................................................................... 31 A.3 (b) Gains and losses recognised directly in equity

-line result supported by release of deferred income provision and gains realisation on divested corporate bonds. The Company’s results for the period are shown below in Section A. Business and Performance. The business reported an underwriting gain... ................................................................................................ 30 A.3 (a) Income & expenses ........................................................................................................ 30 A.3 (b) Gains and losses recognised directly in equity

Monument Assurance Belgium Solvency and Financial Condition Report at 31 December 2025 8 April 2026 MMoonumnumeenntt G Grrooup:up: P PUUBBLLIICC Table of Contents Samenvatting............................................................................................................................. 3 Executive Summary .................................................................................................................. 12 Business and Performance ....................................

against interest rate movements in accordance with Belgian accounting norm (BE GAAP). The Company’s results for the period are shown below in Section A. Business and Performance. The business reported an underwriting loss for the reporting period of €24,328,451m (2021: a gain of €12,772,271m). System of Governance The Company has established a system of governance which is appropriate to the Company’s business strategy and operations. There is clear delegation of responsibilities, reporting lines

an underwriting gain for the reporting period of € 16.514m (2020: a gain of € 5.76m). System of Governance The Company has established a system of governance which is appropriate for the Company’s business strategy and operations. There is a clear