environment

environment and encompass social factors such as human rights, labour standards and community development. ▪ Good corporate governance: The third pillar of the ESG focuses on corporate governance, which encompasses transparency, accountability and...Monument Assurance Belgium (“MAB”) Information on ESG Monument Group: PUBLIC ▪ Introduction As the world faces increasing environmental, social and governance (ESG) challenges, the role of insurance companies has become essential. ESG principles

as a long term partner in employee benefit segment. st Solvency and Financial Condition Report 31 December 2022 Page 15 of 93 Monument Group: PUBLIC ▪ The year 2022 was marked by a volatile macroeconomic environment with interest rate rise... environment led to losses recognition under Belgian accounting norm. ▪ The change in macro-economic environment also affected the appraisal of MAB’s participation into Monument Immo Management and imposed to book losses on derivative position held

a rising interest environment and normalization in inflation rates. The OLO 10 year rate, representing the returns on 10 years Belgian government bonds, increased from 2.6% in December 2023 to c.3.4% in December 2025. At the same time, inflation rates... from the rising interest rate environment. As such downward pressure on transaction price remains important with negative impact on transaction volumes and value reductions in accounting. The liability portfolio performed overall in line with

2023 marked a stabilisation of interest rate environment and a progressive normalisation of inflation rates. The stabilisation of the macro-economic environment was favourable to quoted stock prices with a recovery of main indexes. One must note that

Monument Assurance Belgium Solvency and Financial Condition Report at 31 December 2024 8 April 2025 MoMonumnumeennt Gt Grrooup:up: P PUUBBLILICC Table of Contents Samenvatting ............................................................................................................................... 5 Executive Summary .................................................................................................................... 13 A. Business and Performance ............................

Monument Assurance Belgium Solvency and Financial Condition Report st at 31 December 2021 30 March 2022 Monument Group: PUBLIC Table of Contents Samenvatting............................................................................................................................. 4 Executive Summary .................................................................................................................. 11 A. Business and Performance ...................................................