MILLI_RE_ANNUAL REPORT 2022

December 31, 2021 Book value Up to 1 month 1 to 3 months 3 to 6 months 6 to 12 months Over 1 year Assets Cash and cash equivalents 5.116.960.019 2.536.128.008 2.421.765.236 118.228.812 40.837.963 - Financial assets and financial investments with risks on policyholders (*) 8.836.894.794 1.110.807.808 536.920.915 488.705.204 825.503.635 5.874.957.232 Receivables from main operations 4.294.808.607 325.818.931 976.931.120 1.131.150.500 306.486.324 1.554.421.732 Other receivables and current assets 301.292.588 249.180.253 4.824.034 28.053.544 18.889.709 345.048 Total monetary assets 18.549.956.008 4.221.935.000 3.940.441.305 1.766.138.060 1.191.717.631 7.429.724.012 Liabilities Financial liabilities 389.506.210 117.453.125 31.076.748 181.499.967 4.033.225 55.443.145 Payables arising from main operations 1.761.423.525 558.634.193 157.094.353 283.045.708 732.175.461 30.473.810 Due to related parties 583.728 583.728 - - - - Other liabilities 196.778.372 103.607.823 76.828.510 - 16.342.039 - Insurance technical reserves (**) 8.647.449.233 454.970.188 780.642.561 506.926.991 686.963.252 6.217.946.241 Provisions for taxes and other similar obligations 212.288.501 134.859.709 77.428.792 - - - Provisions for other risks and expense accruals 297.489.442 61.873.779 17.590.467 - 100.034.647 117.990.549 Total monetary liabilities 11.505.519.011 1.431.982.545 1.140.661.431 971.472.666 1.539.548.624 6.421.853.745 (*) Equity shares amounting to TL 493.172.581 are not included. (**) Provisions for outstanding claims are subject to maturity distribution, taking into account the estimated payment dates, and all of the provisions for outstanding claims are presented under current liabilities in the accompanying consolidated financial statements. Provisions for outstanding claims that could not be distributed consistently are shown in the “more than 1 year” column. Market risk Market risk is the risk that changes in market prices, such as interest rate, foreign exchange rates and credit spreads will affect the Group’s income or the value of its holdings of financial instruments. The objective of market risk management is to manage and control market risk exposures within acceptable parameters, while optimizing the return on risk. Foreign currency risk The Group is exposed to foreign currency risk through insurance and reinsurance transactions in foreign currencies. Foreign exchange gains and losses arising from foreign currency transactions are recorded at transaction dates. At the end of the reporting periods, foreign currency assets and liabilities evaluated by the Central Bank of the Republic of Turkey’s spot purchase rates and the differences arising from foreign currency rates are recorded as foreign exchange gain or loss in the statement of operations. 226 MİLLİ RE 2022 ANNUAL REPORT Notes to the Consolidated 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