impairment

Monument Assurance Belgium Solvency and Financial Condition Report at 31 December 2025 8 April 2026 MMoonumnumeenntt G Grrooup:up: P PUUBBLLIICC Table of Contents Samenvatting............................................................................................................................. 3 Executive Summary .................................................................................................................. 12 Business and Performance ....................................

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... inability to repay loans that have reached their maturity date. As a result, MAB has had to recognise a number of impairments on loans in 2024, in accordance with BGAAP standards. The real-estate participation of MAB in 2024, Monument Immo Management

of 93 Monument Group: PUBLIC Despite its exposure to real-estate and additional impairments acted on Monument Immo Management, the economic own funds of MAB were relatively stable over the year thanks to disciplined financial hedging strategies and

Monument Assurance Belgium Solvency and Financial Condition Report at 31 December 2022 8 April 2023 MMononuumentment GrGroouupp:: PUBPUBLICLIC Table of Contents Samenvatting............................................................................................................................. 4 Executive Summary .................................................................................................................. 12 A. Business and Performance ...................................