MILLI_RE_ANNUAL REPORT 2022

Consolidated Balance Sheet As of December 31, 2022 LIABILITIES III- Short-Term Liabilities Note Audited Current Period December 31, 2022 Audited Prior Period December 31, 2021 A- Borrowings 19,20 29.654.164 334.063.065 1- Loans to Financial Institutions - - 2- Finance Lease Payables - - 3- Deferred Finance Lease Borrowing Costs (-) - - 4- Current Portion of Long Term Borrowings - - 5- Principal, Installments and Interests on Issued Bills (Bonds) - - 6- Other Financial Assets Issued - - 7- Value Differences on Issued Financial Assets (-) - - 8- Other Financial Borrowings (Liabilities) 19,20 29.654.164 334.063.065 B- Payables From Main Operations 19 2.555.052.856 1.730.933.368 1- Payables Due to Insurance Operations 19 1.781.540.403 1.227.691.234 2- Payables Due to Reinsurance Operations 19 144.614.141 116.512.437 3- Cash Deposited by Insurance & Reinsurance Companies 19 15.316.979 8.385.787 4- Payables Due to Pension Operations - - 5- Payables from Other Operations 19 615.562.351 390.301.209 6- Rediscount on Other Payables From Main Operations (-) 19 (1.981.018) (11.957.299) C- Due to Related Parties 19 1.262.116 583.728 1- Due to Shareholders 19 193.699 177.824 2- Due to Affiliates 19 - - 3- Due to Subsidiaries - - 4- Due to Joint Ventures - - 5- Due to Personnel 19 806.004 390.747 6- Due to Other Related Parties 19 262.413 15.157 D- Other Payables 19 381.363.305 196.778.372 1- Deposits and Guarantees Received 19 24.950.846 16.342.036 2- Due to SSI regarding Treatment Expenses 19 146.358.652 68.451.361 3- Other Payables 19 215.394.213 114.547.169 4- Discount on Other Payables (-) 19 (5.340.406) (2.562.194) E- Insurance Technical Reserves 17 26.451.760.997 14.159.877.830 1- Unearned Premiums Reserve - Net 17 12.433.417.488 5.069.360.240 2- Unexpired Risk Reserves - Net 17 818.496.039 443.068.357 3- Mathematical Reserves - Net 17 - - 4- Outstanding Claims Reserve - Net 17 13.199.847.470 8.647.449.233 5- Provision for Bonus and Discounts - Net 17 - - 6- Other Technical Reserves - Net - - F- Taxes and Other Liabilities and Relevant Provisions 19 394.550.536 212.288.501 1- Taxes and Dues Payable 19 272.169.431 125.845.998 2- Social Security Premiums Payable 19 19.611.154 9.013.711 3- Overdue, Deferred or By Installment Taxes and Other Liabilities - - 4- Other Taxes and Liabilities - - 5- Corporate Tax Liability Provision on Period Profit 19 276.782.469 306.101.998 6- Prepaid Taxes and Other Liabilities on Period Profit (-) 19 (174.012.518) (228.673.206) 7- Provisions for Other Taxes and Liabilities - - G- Provisions for Other Risks - - 1- Provision for Employment Termination Benefits - - 2- Pension Fund Deficit Provision - - 3- Provisions for Costs - - H- Deferred Income and Expense Accruals 19 616.183.112 333.738.596 1- Deferred Commission Income 10,19 346.493.633 202.730.004 2- Expense Accruals 19 268.367.636 130.772.049 3- Other Deferred Income 19 1.321.843 236.543 I- Other Short Term Liabilities 21,23 11.902.901 5.532.364 1- Deferred Tax Liability 21 - - 2- Inventory Count Differences - - 3- Other Short Term Liabilities 23 11.902.901 5.532.364 III - Total Short Term Liabilities 30.441.729.987 16.973.795.824 Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish, See Note 2.1.1 182 MİLLİ RE 2022 ANNUAL REPORT Millî Reasürans Türk Anonim Şirketi (Currency: Turkish Lira (TL)) The accompanying notes are an integral part of these consolidated financial statements. 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