continues

the real-estate market continues to suffer from the revision of the financing rate. Downward pressure on transaction price remains important with negative impact on transaction volumes. Solvency and Financial Condition Report 31 December 2023 Page 16... complete over the course of the first half of 2024, after having obtained regulatory approval. In line with the growth of the Company, the Company continues to strengthen its system of governance. For instance regarding specialised committees, in line with

portfolio”). In order to guarantee a smooth transition between the insurer companies, MAB and AXA Belgium NV concluded a transitional outsourcing agreement, in which AXA Belgium NV continues with the policy administration of this book. The Company continues to actively appraise opportunities for further growth in the Belgian market. In that light, the Company has concluded on 6 January 2023 a portfolio transfer agreement with a Belgian insurance company. This agreement covers a closed book

MISL to MAB, on the basis of a critical outsourcing agreement, following the merger. The services continue through MIES. The Company continues to actively appraise opportunities for further growth in... with AXA Belgium SA. This is a deal of Solvency II technical provisions of €3.4bn (or BEGAAP € 2.6bn) of classic life business, consisting of 181k policies (the "AXA portfolio"). The Company continues to actively appraise opportunities for further

take over the closed book of traditional life business. This transaction was successfully completed on 1 July 2024, with migration in April 2025. In line with the growth of the Company, the Company continues to strengthen its system of governance.../AALCB portfolio continued to perform and run off in line with expectations. The performance metrics continue to report as anticipated with no notable exceptions to report. The MAB/AALCB portfolio consists of four products, namely: Number of Group

December 2024 Page 19 of 93 Monument Group: PUBLIC injection required to take over the closed book of traditional life business. This transaction was successfully completed on 1 July. In line with the growth of the Company, the Company continues to... operational risk. Further details of the Company’s risk profile are provided below in Section C. Risk Profile. Valuation for Solvency Purposes In the course of 2024, MAB continued to implement some reallocations in the asset allocations. One must especially