low

a “run-off” consolidator). MAB is therefore endeavoring to meet its existing obligations to its customers prudently and efficiently. ▪ Integrating ESG risks into our business ▪ We have a low appetite for sustainability risks. We ensure that the financial... include various constraints aimed at limiting investments in companies with a low "ESG" rating and achieving an average "ESG" rating. In this sense, the agreements concluded between Monument Assurance Belgium and the external asset managers remain in

the exception of dowry and birth insurance (branch 21). In addition, permission was also granted to carry out the following activities: life, dowry and birth insurance in connection with investment funds (branch 23) and capitalization transactions... to make the best use of Solvency and Financial Condition Report 31 December 2023 Page 13 of 93 Monument Group: PUBLIC resources and maximize operational efficiencies. Over 2023, MAB utilized the support of the following service company: Monument

linked to investment funds, with the exception of dowry and birth insurance (branch 21). In addition, permission was also granted to carry out the following activities: life, dowry and birth insurance in connection with investment funds (branch 23) and... service companies. The following occurred in 2022: ▪ Monument Insurance European Services NV (“MIES“) and Monument Assurance Belgium Services SA (“MABS”) provided support services to MAB on the basis of a critical outsourcing agreement. In addition, both

owns some shares in different companies following the Integrale portfolio transaction. 21 The ownership structure of Monument in Belgium as at 31 December 2025 is set out in the simplified chart below: A.1 (e) Position within the legal structure of... insurance (branch 21). In addition, permission was also granted to carry out the following activities: life, dowry and birth insurance in connection with investment funds (branch 23) and capitalization transactions (branch 26). In 2021, MAB was granted

was also granted to carry out the following activities: life, dowry and birth insurance in connection with investment funds (branch 23) and capitalization transactions (branch 26). In 2021, MAB was granted a license for birth and marriage insurance... following life insurance portfolios were acquired: ▪ On 31 May 2019, MAB carried out the transfer of a portfolio of long-term savings and credit life insurance from Alpha Insurance SA, a Belgian composite insurance company and a wholly-owned subsidiary

out life insurance activity, whether or not linked to investment funds, with the exception of dowry and birth insurance (branch 21). In addition, permission was also granted to carry out the following activities: life, dowry and birth insurance in... Monument Insurance European Services SRL ("MIES"). There was no significant impact on the services delivered by MIBS or MISL to MAB, on the basis of a critical outsourcing agreement, following the merger. The services continue through MIES. The