The activities of DELA Coöperatie UA ('DELA Coöperatie'), having its registered office in Eindhoven, Oude Stadsgracht 1, Chamber of Commerce number 17012026, and its group companies (together 'DELA Group') consist of insurance, investing, and funeral services. The insurance products comprise funeral insurance, term life insurance, and savings-linked insurance. The insurance activities take place in the Netherlands, Belgium, and Germany. The funeral activities take place in the Netherlands and Belgium. All investing activities for DELA Group are conducted in the Netherlands.

DELA Coöperatie heads a group of legal entities. The consolidated financial statements include the accounts of DELA Coöperatie, its group companies, and other legal entities over which it exercises central management and control. Group companies are legal entities that DELA Coöperatie controls, directly or indirectly, because it holds the majority of the voting rights or whose financing and operating activities it can control in other ways. This takes into account potential voting rights that can be exercised directly at the balance sheet date.

The group companies and other legal entities over which DELA Coöperatie exercises central management or control are fully consolidated. The minority interests in group equity and group profit are stated separately.

In the event of an interest in a joint venture, this interest is consolidated on a proportional basis. A joint venture is an agreement to cooperate in which control is exercised by the two shareholders together.

Intercompany transactions and amounts receivable and payable between group companies and other consolidated legal entities are eliminated. Unrealised losses on intercompany transactions are also eliminated unless they are impaired. Accounting policies of group companies and other consolidated legal entities are adjusted where necessary to align them with the DELA Group's accounting policies.

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

The organisational chart of the companies included in DELA Group is provided below. This statement includes the information required at 31 December 2025 based on DCC Articles 2:379 and 2:414.

Related parties are defined as all legal entities that can be controlled, jointly controlled, or significantly influenced. Legal entities that can exercise control are also defined as related parties. The members of the Executive Board, Supervisory Board, and other key officers in the management of DELA Group and their close relatives are also related parties.

Significant transactions with related parties are disclosed in the notes in so far as they are not entered into under normal market conditions. Their nature and extent, if applicable, are disclosed along with any other information necessary to provide sufficient insight. With regard to deaths reported for DELA Natura- en levensverzekeringen N.V. (DELA Natura) in the Netherlands, the arrangements are, in principle, in the hands of DELA Uitvaartverzorging N.V. (DELA UV) or its subsidiaries. Fixed transfer prices are charged for these arrangements.

The results and identifiable assets and liabilities of acquired entities are recognised in the consolidated financial statements from the acquisition date, being the date on which control is obtained.

The historical cost is the monetary amount, or equivalent, agreed for the acquisition of the acquired entity plus any directly attributable costs. If the historical cost exceeds the net fair value of the identifiable assets and liabilities, the difference is recognised as goodwill.

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

In applying accounting policies and financial reporting requirements, the Executive Board needs to make judgements and estimates that may be critical to the amounts reported in the financial statements. Where necessary to provide the insight required by DCC Article 2:362(1), the nature of these judgements and estimates, and details of the underlying assumptions, are provided in the notes to the relevant items. Although these estimates have been made by the Executive Board to the best of their knowledge, the actual outcomes may ultimately vary. The main estimates relate to: 

• the valuation of investments: real estate, real estate funds, infrastructure funds, agricultural and forestry funds, mortgage funds, and private equity companies (see section 5.3); 
• the valuation of owner-occupied property (see section 2.5.1); 
• the accounting policies applied for the technical provisions (see section 2.9); 
• the valuation of the non-technical provisions (see section 2.11); 
• the valuation of deferred tax assets (see section 5.5).

The financial statements for 2025 were prepared by the Executive Board on 21 April 2026 and will, at the time of publication, have been adopted at the general meeting of 30 May 2026. The financial statements for 2024 were adopted at the general meeting of 24 May 2025.