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How and at what rate is the capital gains tax calculated?

The capital gains tax rate is 10%. Capital gains tax applies only to capital gains realized on or after January 1, 2026. Capital gains accrued before that date are exempt. For contracts entered into on or after January 1, 2026, the taxable capital 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

To which insurance contracts does the capital gains tax apply?

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 benefit coverage of at least 130% of the premiums paid Branch 23 investment insurance policies Investment insurance policies combining Branch 21 and Branch 23, also known as Branch 44. If a Branch 21 or 26 policy (capitalization transaction) is subject

2023 SFCR Report

) classic life insurance contracts in branches 21 and 22 (without flexible premium) (including the supplementary insurances herewith, (ii) life insurance contracts in branch 21 and non- life insurance contracts in branch 1 subscribed by Family Protect NV

2021 SFCR Report

Pension Pension Total contracts Insurances insurances Insurances Commitments 202012 35 3,843 51 566 4,495 202112 35 3,813 51 556 4,455 Evolution (YTD) 0 -30 0 -10 -40 Allianz Portfolio The Allianz classic life insurance, without flexible premium

2022 SFCR Report

21 and 22 (without flexible premium) (including the supplementary insurances herewith, (ii) life insurance contracts in branch 21 and non-life insurance contracts in branch 1 subscribed by Family Protect NV between 2010 and 2016 or by AXA Belgium NV... Scheme Fiscal 202112 35 4,420 0 0 4,455 202212 35 4,347 0 0 4,382 Evolution (YTD) 0 -73 0 0 -73 Allianz Portfolio The Allianz classic life insurance, excl. flexible premium, portfolio was acquired on 1 April 2021. The majority, branch 21 products

2025 SFCR Report

to MAB: (i) classic life insurance contracts in branches 21 and 22 (without flexible premium) including the supplementary insurances herewith, (ii) life insurance contracts in branch 21 and non-life insurance contracts in branch 1 under the title... The Allianz classic life insurance, excl. flexible premium, portfolio was acquired on 1 April 2021. The majority, i.e. branch 21 products, consists of simple product offerings composed mostly of endowment policies, with and without protection riders

2024 SFCR Report

December 2022, on the basis of an outsourcing agreement. ▪ On 31 October 2022, AXA Belgium NV transferred the following books to MAB: (i) classic life insurance contracts in branches 21 and 22 (without flexible premium) (including the supplementary