MILLI_RE_ANNUAL REPORT 2022

Consolidated Statement of Cash Flows for the Period Ended December 31, 2022 Note Audited Current Period January 1- December 31, 2022 Audited Prior Period January 1- December 31, 2021 A. CASH FLOWS FROM THE OPERATING ACTIVITIES 1. Cash inflows from the insurance operations 20.034.992.326 12.556.394.241 2. Cash inflows from the reinsurance operations 11.702.248.196 1.832.419.517 3. Cash inflows from the pension operations - - 4. Cash outflows due to the insurance operations (-) (19.548.388.589) (11.191.615.181) 5. Cash outflows due to the reinsurance operations (-) (7.896.465.107) (2.028.870.702) 6. Cash outflows due to the pension operations (-) - - 7. Cash generated from the operating activities (A1+A2+A3-A4-A5-A6) 4.292.386.826 1.168.327.875 8. Interest payments (-) - - 9. Income tax payments (-) (205.778.215) (254.109.525) 10. Other cash inflows 35.583.036 275.003.722 11. Other cash outflows (-) (2.054.092.022) (975.802.664) 12. Net cash generated from the operating activities 2.068.099.625 213.419.408 B. CASH FLOWS FROM THE INVESTING ACTIVITIES - - 1. Sale of tangible assets 3.045.697 5.672.626 2. Purchase of tangible assets (-) 6, 8 (249.405.941) (158.144.061) 3. Acquisition of financial assets (-) 11 (30.503.976.689) (16.378.013.829) 4. Sale of financial assets 11 32.212.751.677 16.351.387.241 5. Interest received 2.156.971.227 1.241.954.320 6. Dividends received - 4.069.234 7. Other cash inflows 1.472.632.791 5.092.058.271 8. Other cash outflows (-) (3.221.856.964) (5.951.250.709) 9. Net cash generated from the investing activities 1.870.161.798 207.733.093 C. CASH FLOWS FROM THE FINANCING ACTIVITIES - - 1. Issue of equity shares - - 2. Cash inflows from the loans to policyholders - - 3. Payments of financial leases (-) - - 4. Dividend paid (-) (47.984.125) (111.290.535) 5. Other cash inflows - - 6. Other cash outflows (-) - - 7. Cash generated from the financing activities (47.984.125) (111.290.535) D. EFFECTS OF EXCHANGE RATE DIFFERENCES ON CASH AND CASH EQUIVALENTS 621.262.884 456.327.257 E. Net increase/(decrease) in cash and cash equivalents (A12+B9+C7+D) 4.511.540.183 766.189.224 F. Cash and cash equivalents at the beginning of the period 14 4.637.545.379 3.871.356.155 G. Cash and cash equivalents at the end of the period (E+F) 14 9.149.085.562 4.637.545.379 190 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