MILLI_RE_ANNUAL REPORT 2022

Pension fund’s assets are comprised of the following items: December 31, 2022 December 31, 2021 Cash and cash equivalents 38.295.525 46.206.290 Associates 31.736.625 16.823.239 Other 6.111.470 1.709.193 Total plan assets 76.143.620 64.738.722 23 Other liabilities and expense accruals As of December 31, 2022, and 2021; the provisions for other risks are disclosed as follows: December 31, 2022 December 31, 2021 Provision for pension fund deficits (Note 22) 235.267.182 102.998.511 Provision for employee termination benefits 30.548.796 14.992.038 Total provision for other risks 265.815.978 117.990.549 Movement of provision for employee termination benefits during the period is presented below: December 31, 2022 December 31, 2021 Provision at the beginning of the period 14.992.038 12.123.164 Interest cost (Note 47) 2.630.146 1.310.788 Service cost (Note 47) 1.888.765 898.130 Payments during the period (Note 47) (2.042.459) (1.429.142) Actuarial gain/loss 13.080.306 2.089.098 Provision at the end of the period 30.548.796 14.992.038 24 Net insurance premium revenue Net insurance premium revenue for non–life branches is presented in detailed in the accompanying unconsolidated statement of income. 25 Fee revenue None. 26 Investment income Investment income is presented in Note 4.2 – Financial risk management . 27 Net income accrual on financial assets Net realized gains on financial assets are presented in Note 4.2 – Financial risk management . 28 Asset held at fair value through profit or loss Presented in “Note 4.2 – Financial Risk Management”. 163 MİLLİ RE 2022 ANNUAL REPORT Notes to the Unconsolidated Financial Statements As of December 31, 2022 Millî Reasürans Türk Anonim Şirketi (Currency: Turkish Lira (TL)) Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish, See Note 2.1.1 RISKS AND ASSESSMENT OF THE GOVERNING BODY UNCONSOLIDATED FINANCIAL STATEMENTS TOGETHER WITH INDEPENDENT AUDITORS’ REPORT THEREON CONSOLIDATED FINANCIAL STATEMENTS TOGETHER WITH INDEPENDENT AUDITORS’ REPORT THEREON FINANCIAL STATUS