private

gedeeltelijk gecompenseerd door een vermindering van het marktrisico via de afbouw van de private-creditportefeuille. Volgens de Belgische boekhoudkundige normen werd het boekjaar 2025 afgesloten met een positief resultaat, ondersteund door de vrijgave van... 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

investeringsfondsen, met name Trade Finance en Private Credit, en investeringen in direct vastgoed verder afgebouwd. De actiefzijde van de balans vertoont ook een grote positie in herverzekeringsvorderingen (“reinsurance recoverables”). Dit zijn de vorderingen van... and Private Credit. The asset side of the balance sheet also shows a large position in reinsurance recoverables. These are the recoverables from the Intra Group Reinsurance. Further details of the Company’s valuation for Solvency Purposes are provided

, MAB has re-oriented part of its investments towards private credit, corporate bonds and infrastructure debts. ▪ Divestures performed to face surrender outflows in collective life and the modification of the investment mix in a growing interest rate... MAB. One must especially th note the acquisition of and investment portfolio sold by EuroPrima NV the 18 of October 2022. This acquisition allowed MAB to deploy €352m into fund exposed to both private credit and trade finance asset classes. The

Monument Assurance Belgium Solvency and Financial Condition Report at 31 December 2023 8 April 2024 MMononuumentment GrGroouupp:: PUBPUBLICLIC Table of Contents Samenvatting............................................................................................................................. 5 Executive Summary .................................................................................................................. 13 A. Business and Performance ...................................

private individuals. These products were sold exclusively through Ethias; and, ▪ Branch 23 products offered by Integrale, which are investment-linked products that were mainly offered to private individuals. The product offering for private individuals