phenomenon

expectations. Although pressure remains high on corporate business, the collective surrender phenomenon, observed in the post Integrale acquisition, or collective reduction phenomenon, due to rising interest rates, was limited and concentrated on a few names

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 ............................

the IGR. The liability portfolio performed overall in line with expectations. The collective surrender phenomenon observed in collective life (Integrale portfolio) was less visible in 2023 with collective departure concentrated on a few names and

portfolio), Monument has experienced higher collective transfer and reduction phenomenon than expected. Corporate customer behaviour is driven by the absence of profit sharing at Integrale during the last two-years and the need for MAB to be trusted