MILLI_RE_ANNUAL REPORT 2022

Milli Re’s total premium production in 2022 amounted to TL 4,808 million, which corresponds to a year-on rise of 94%. The company’s total assets and shareholders’ equity reached TL 12,400 million and TL 5,056 million respectively. Milli Re booked a net profit of TL 889 million last year. Founded in 1929, Milli Re today advances surefootedly towards the threshold of its second century in business as a deep-rooted, trusted, and respected reinsurer. Our company champions both the ethical principles that are the vertebrae of the backbone of business and social life and the idea that in a civilized society, every individual has the right to participate equally in every aspect of public life unconstrained by stereotypical limitations of whatever kind. For this reason, Milli Re also believes that all of its employees should be treated fairly and equally, are entitled to the same rights, and should be given the same opportunities free of any discrimination based on gender or any other individual trait. Milli Re believes that the personal, professional, and social development of all of its employees– both men and women–beneficially contributes to its performance as a company. As a result of Milli Re’s commitment to gender and opportunity equality, our Company has earned FEM Certificate which is issued by the Women Entrepreneurs Association of Turkey (KAGİDER). The Company also plans to take part in other projects of a similar nature. Supported by its robust capital structure, its deep technical knowledge and experience of the Turkish market, and longstanding tradition of delivering international-standard service quality, Milli Re will continue to stand by its business partners with effective reinsurance solutions. Speaking both personally and on behalf of the Milli Re Board of Directors, I thank all our employees, shareholders, business partners, and other stakeholders for their valuable support and contributions towards our company’s continued successful performance. Ebru Özşuca Chairperson of the Board of Directors SUPPORTED BY ITS LONG-STANDING TRADITION OF DELIVERING INTERNATIONAL-STANDARD SERVICE QUALITY, MİLLİ RE WILL CONTINUE TO STAND BY ITS BUSINESS PARTNERS WITH EFFECTIVE REINSURANCE SOLUTIONS. EFFECTIVE SOLUTIONS FINANCIAL STATUS 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 15 MİLLİ RE 2022 ANNUAL REPORT