MILLI_RE_ANNUAL REPORT 2022

45 Related party transactions For the purpose of the accompanying unconsolidated financial statements, shareholders, key management and members of board of directors together with their families and companies controlled by or affiliated with them, and associated companies are considered and referred to as related parties. The related party balances as of December 31, 2022 and 2021 are as follows: December 31, 2022 December 31, 2021 Türkiye İş Bankası A.Ş. 724.044.050 899.402.534 Other 9.900 5.763 Banks 724.053.950 899.408.297 Investment funds founded by İş Portföy Yönetimi A.Ş. ( Note 11) 432.880.122 105.244.013 Equity shares of the related parties (Note 11) 289.699.205 104.398.469 Bond issued by Türkiye İş Bankası A.Ş. (Note 11) - 111.350.600 Eurobonds issued by Türkiye İş Bankası A.Ş. (Note 11) 132.045.525 65.623.333 Bonds issued by İş GYO A.Ş. (Note 11) - 29.663.400 Bonds issued by İş Faktoring A.Ş. (Note 11) - 66.800.600 Eurobonds issued by İşYatırım A.Ş. (Note 11) - 82.980.050 Bonds issued by İş Finansal Kiralama A.Ş. (Note 11) - 82.771.780 Investment funds founded by İş Portföy Yönetimi A.Ş. ( Note 11) 85.890.035 21.899.631 Industrial Development Bank of Turkey as bonds issued Inc. (Note 11) 37.101.541 26.002.746 Türkiye Şişe ve Cam Fabrikaları A.Ş’nin ihraç ettiği tahviller(Not 11) 82.731.200 - Türkiye İş Bankası kur korumalı mevduat 96.430.000 - Financial assets 1.156.777.628 696.734.622 Türkiye Sigorta A.Ş (Güneş Sigorta A.Ş.) 78.549.428 43.392.683 Anadolu Sigorta 73.674.497 23.738.636 Groupama Sigorta A.Ş 8.233.869 3.071.478 Anadolu Hayat Emeklilik A.Ş 4.951.884 1.460.965 HDI Sigorta A.Ş. 504.422 29.177 İstanbul Umum Sigorta A.Ş 273.998 204.952 Liberty Sigorta A.Ş. (HDI Sigorta A.Ş.) 42.981 - Ergo Sigorta A.Ş. (HDI Sigorta A.Ş.) 15.892 34.541 Türkiye Hayat ve Emeklilik A.Ş (Vakıf Hayat ve Emeklilik A.Ş) 2.751 13.960 Receivables from main operations 166.249.722 71.946.392 Due to shareholders 156.859 140.984 Due to other related parties 262.413 15.157 Due to related parties 419.272 156.141 Axa Sigorta A.Ş 5.373.820 216.841 Allianz Sigorta A.Ş 3.931.833 2.239.632 Halk Sigorta A.Ş.(Türkiye Sigorta A.Ş) 2.560.806 4.908.866 Ziraat Sigorta A.Ş.(Türkiye Sigorta A.Ş) 275.047 1.049.153 Güven Sigorta T.A.Ş 73.483 131.943 Liberty Sigorta A.Ş. (HDI Sigorta A.Ş.) 69.172 128.493 Groupama Sigorta A.Ş 38.158 48.426 Türkiye Sigorta A.Ş (Güneş Sigorta A.Ş.) 33.279 40.407 İstanbul Umum Sigorta A.Ş 25.580 29.152 Anadolu Sigorta 12.139 16.347 Türkiye Hayat ve Emeklilik A.Ş (Vakıf Hayat ve Emeklilik A.Ş) - 2.423.749 Halk Hayat ve Emek.(Türkiye Hayat Emeklilik A.Ş) - 3.682.479 Anadolu Hayat Emeklilik A.Ş - 343.679 Ziraat Hayat ve Emeklilik(Türkiye Hayat Emeklilik A.Ş) - 230.976 Payables from main operations 12.393.317 15.490.143 No guarantees have been taken against receivables from related parties. There are no doubtful receivables and payables from shareholders, subsidiaries and joint ventures. No guarantees, commitments, guarantee letters, advances and endorsements given in favour of shareholders, associates and subsidiaries. 168 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 GENERAL INFORMATION FINANCIAL RIGHTS PROVIDED TO THE MEMBERS OF THE GOVERNING BODY AND SENIOR EXECUTIVES RESEARCH & DEVELOPMENT ACTIVITIES ACTIVITIES AND MAJOR DEVELOPMENTS RELATED TO ACTIVITIES