MILLI_RE_ANNUAL REPORT 2022

Information on Consolidated Subsidiaries Anadolu Anonim Türk Sigorta Şirketi Undertaking insurance and reinsurance activities in Non-life branches, Anadolu Sigorta was founded in 1925 at the initiative of Mustafa Kemal Atatürk, the founder of the Turkish Republic, and under the leadership of İşbank, Turkey’s first national bank. Pioneering its sector ever since its incorporation, Anadolu Sigorta is committed to offering only high-quality products and services and to ensuring their continuity with its experienced and expert teams, solid technological and financial infrastructure, continuous development and improvement understanding, and extensive network of expert agents. Anadolu Sigorta’s shares are quoted on Borsa İstanbul (BİST) Stars Market under the ticker symbol “ANSGR”. Milli Re holds 57.31% stake in the company, which has a free-float rate of 48%. Headquartered in İstanbul, Anadolu Sigorta brings its products to its customers via regional offices in İstanbul (2), Ankara, Adana, Antalya, Bursa, Samsun, Trabzon, and İzmir, a sales office in Gaziantep, a branch in the Turkish Republic of Northern Cyprus, and 2,842 professional agencies as of year-end 2022. Anadolu Sigorta uses bank branches, mainly those of İşbank, within its bancassurance network as a fundamental distribution channel of its services. Besides all İşbank branches, TSKB, A&T Bank, Alternatifbank, Albaraka Türk Participation Bank and QNB Finansbank branches serve as Anadolu Sigorta agencies. In 2022, Anadolu Sigorta increased its total premium production by 121% year-on-year to TL 23.8 billion and controls an 11.64% share of the overall market among non-life companies. The highest premium generator for Anadolu Sigorta in 2022 has been the Land Vehicles branch with TL 6 billion 524 million, followed in order by Land Vehicles Liability with TL 6 billion 55 million, Fire and Natural Catastrophe Perils with TL 4 billion 171 million and Health with TL 2 billion 355 million. According to its unconsolidated financial statements, Anadolu Sigorta’s total assets reached TL 16.8 billion at the end of 2022, up by 83% year-on-year, while its shareholders’ equity reached TL 6.0 billion with an annual rise by 88.8%. Booking a net profit of TL 1,133.2 million in 2022 that went up by 117.2% as compared to the previous year, Anadolu Sigorta successfully achieved its sustainable profit target also in 2022. 174 MİLLİ RE 2022 ANNUAL REPORT 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