participations

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

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

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

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

undertakings, mortgage fund securities (“Dutch Residential Mortgages” or “DRM” and "Belgian Residential Mortgages" or "BRM"), participations in related undertakings and cash. Further we also see minor stakes in policy loans, other loans and leases..." en "Belgian Residential Mortgages" of "BRM"), participaties in gelieerde ondernemingen en contanten. Verder zien we ook kleine belangen in polisleningen, andere leningen en leasings, aandelen, vastgoed en derivaten. De derivaten worden aan