MILLI_RE_ANNUAL REPORT 2022

The Group’s exposure to foreign currency risk is as follows: December 31, 2022 US Dollar Euro Other currencies Total Assets: Cash and cash equivalents 727.929.958 266.854.072 160.945.252 1.155.729.282 Financial assets and financial investments with risks on policyholders 6.858.220.258 1.058.062.582 - 7.916.282.840 Receivables from main operations 1.930.666.494 776.338.573 640.483.998 3.347.489.065 Total foreign currency assets 9.516.816.710 2.101.255.227 801.429.250 12.419.501.186 Liabilities: Payables arising from main operations (762.389.973) (394.828.866) (77.344.016) (1.234.562.855) Insurance technical reserve (*) (2.236.204.847) (1.190.098.086) (852.444.014) (4.278.746.947) Financial Liabilities (3.440.487.200) (386.139.013) (126.259) (3.826.752.472) Total foreign currency liabilities (6.439.082.020) (1.971.065.965) (929.914.289) (9.340.062.274) Net financial position 3.077.734.690 130.189.262 (128.485.039) 3.079.438.912 December 31, 2021 US Dollar Euro Other currencies Total Assets: Cash and cash equivalents 328.755.849 327.035.564 99.231.469 755.022.882 Financial assets and financial investments with risks on policyholders 5.319.979.824 632.265.575 - 5.952.245.399 Receivables from main operations 1.359.979.579 463.521.950 547.212.377 2.370.713.906 Total foreign currency assets 7.008.715.252 1.422.823.089 646.443.846 9.077.982.187 Liabilities: Payables arising from main operations (507.812.498) (251.961.857) (80.239.553) (840.013.908) Insurance technical reserve (*) (1.449.758.295) (490.464.816) (487.702.588) (2.427.925.699) Financial liabilities (3.473.100.234) (662.188.119) (3.234.894) (4.138.523.247) Total foreign currency liabilities (5.430.671.027) (1.404.614.792) (571.177.035) (7.406.462.854) Net financial position 1.578.044.226 18.208.297 75.266.811 1.671.519.333 (*) According to the “Communiqué on Amendments to Communiqué on Technical Reserves for Insurance, Reinsurance and Pension Companies and the Related Assets That Should Be Invested Against Those Technical Reserves” published in Official Gazette no 27655 dated July 28, 2010; foreign currency denominated claims provisions evaluated by the Central Bank of the Republic of Turkey’s spot sales rates. For the purpose of evaluation of the above table, TL equivalents of the relevant foreign currency amounts have been shown. December 31, 2022, while the CBRT evaluated the CBRT with the sales rate, other daily transactions were evaluated with accounting based on the temporary exchange rates on the transaction date, at the end of the reporting period, foreign currency denominated active items were evaluated with CBRT exchange rates dated December 31, 2022 and passive items were evaluated with CBRT sales rates. 227 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 RISKS AND ASSESSMENT OF THE GOVERNING BODY UNCONSOLIDATED FINANCIAL STATEMENTS TOGETHER WITH INDEPENDENT AUDITORS’ REPORT THEREON CONSOLIDATED FINANCIAL STATEMENTS TOGETHER WITH INDEPENDENT AUDITORS’ REPORT THEREON FINANCIAL STATUS