The activities of DELA Coöperatie UA (‘DELA cooperative'), with its statutory office in Eindhoven, Oude Stadsgracht 1, CoC number 17012026, and its group companies (‘DELA Group’) involve insurance, investments and funeral services. The insurance products are funeral insurance, life insurance and savings plans. The insurance activities take place in the Netherlands, Belgium and Germany. The funeral services take place in the Netherlands and Belgium. All investment activities for DELA Group are managed centrally from the Netherlands.

DELA cooperative is at the head of a group of legal entities. The consolidation includes the financial data of the DELA cooperative, its group companies and other legal persons over which it has decisive control and central management. Group companies are legal persons over which DELA cooperative has decisive control, whether directly or indirectly, because it holds the majority of the voting rights or can control the financial and operational activities in other ways. This takes into account potential voting rights that can be exercised directly on the balance sheet date.

The group companies and other legal persons over which DELA cooperative has decisive control or central management are included in the consolidation for 100 percent. The minority interest in the group equity and group result are stated individually.

In the event of an interest in a joint venture, this interest is consolidated proportionally. A joint venture is an agreement to cooperate in which the control is equally divided between the two shareholders.

Intercompany transactions, profits and mutual receivables and payables between group companies and other legal persons included in the consolidation are eliminated. Unrealised losses on intercompany transactions are also eliminated unless an impairment applies. Valuation principles of group companies and other legal persons included in the consolidation are adjusted where necessary to align them to the valuation principles applied by DELA Group.

As the income statement for DELA cooperative is included in the consolidated financial statements, the company only financial statements only present a condensed income statement in accordance with Article 2:402 of the Dutch Civil Code (hereafter: DCC).

The organisational chart of the companies included in the consolidation of DELA Group is provided below. This chart includes the data required as of 31-12-2023 based on Articles 2:379 and 2:414 DCC.

Related parties are all legal persons over which a company has decisive control, joint control or significant influence. This includes legal persons that have a controlling interest. The statutory Executive and Supervisory Board members, other key officials in the management of DELA Group and close affiliates are also considered related parties.

Significant transactions with related parties are disclosed insofar as they did not apply under normal market conditions. Details related to the nature and scope of the transactions and other information required to provide insight will be provided where necessary. With regard to deaths reported for DELA Natura- en levensverzekeringen NV (DELA Natura) in the Netherlands, the subsequent arrangements are in principle in the hands of DELA Uitvaartverzorging NV (DELA UV) or its subsidiaries. Any costs are charged at regular transfer prices.

The results and identifiable assets and liabilities of the acquired company are included in the consolidated financial statements from the acquisition date. The acquisition date is the moment that decisive control is gained over the acquired company.

The historical price consists of the monetary amount or equivalent that was agreed on for the acquisition of the acquired company plus any directly attributable costs. If the historical cost differs from the net amount of fair value of the identifiable assets and liabilities, the difference is considered as goodwill.

The companies included in the consolidation scope will remain in the consolidation until the decisive control is transferred or the company is only being held for sale.

To apply the principles and rules for drawing up the financial statements, the Board must form an opinion itself on various matters and make estimates that may be essential to the figures included in the financial statements. If required in order to provide the insight as intended by Article 2:362 section 1 DCC, the nature of these opinions and estimates, including the associated suppositions, is included in the notes related to the relevant items. Although these estimates have been made by the Board to the best of their knowledge, the actual results may ultimately differ. The main estimates relate to:

• The valuation of investments: real estate, real estate funds, infrastructure funds, agriculture and forestry funds, mortgage funds and private equity companies (see section 5.2);
• The valuation of real estate for own use: funeral centres (see section 2.71);
• The applied principle for the technical provisions (see section 2.14);
• The valuation of the non-technical provisions (see section 2.12).

In preparing the tax return for the 2023 reporting year it was found that a non-material error was made in the presentation of the tax expenses in the 2023 financial statements. This non-material error has been retrospectively corrected in the 2024 financial statements to provide better insight into the effective annual tax burden. As a result, the effective tax rate changes from 2.7% to 10.8%.

The financial statements for 2024 were prepared by the Executive Board on 7 May 2025 and are due at the time of publication to be adopted in the general meeting of 24 May 2025. The financial statements for 2023 were adopted at the general meeting of 25 May 2024.