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2025 SFCR Report

perspective, the decrease of own funds was partly compensated by a reduction of market risk through the reduction of the private credit portfolio. Under Belgian norms, the financial year 2025 is positive with a small bottom-line result supported by

2024 SFCR Report

result was supported by revenues generation from gains realization on alternative investments which were partly compensated by impairments on non-performing loans. MAB has operated in 2024 a re-risking of its investment portfolio with a replacement of

2023 SFCR Report

during the first semester of the year. In a context where the solvency ratio of Monument Re reduced near its target operating level, MAB has decided to partly de-risk its investment portfolio through a replacement of corporate bonds into govies. This