MILLI_RE_ANNUAL REPORT 2022

As of June 30, 2022, required equity amount determined in calculations over consolidated financial statements of Company’s subsidiary Anadolu Sigorta, is amounted TL 4.296.438.435. As of 30 June 2022, the amount of raw equity in Anadolu Sigorta’s unconsolidated financial statements is TL 16.993.061 above the required equity amount calculated in accordance with the regulation. 5 Segment information A segment is a distinguishable component of the Group that is engaged either in providing products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subject to risks and rewards that are different from those of other segments. Business segment Financial information of the Group is presented on life and non-life basis in the accompanying consolidated financial statements. Geographical segment The main geographical segment which the Group operates is Turkey. Hence, the Group has not disclosed report on geographical segments. 6 Tangible assets Movement in tangible assets in the period from January 1 to December 31, 2022 is presented below: January 1, 2022 Addition Foreign currency translation effect (*) Disposals Transfers Valuation differences December 31, 2022 Cost: Investment properties ( Note 7) 635.476.000 - - - - 1.259.040.000 1.894.516.000 Buildings for own use 256.634.240 - - (159.840) - 546.465.600 802.940.000 Machinery and equipment 118.226.398 25.350.215 - (4.921.625) - - 138.654.988 Furniture and fixtures 31.332.500 17.851.597 1.294.499 (974.016) - - 49.504.580 Land vehiclesss 7.828.373 4.108.912 713.100 (587.730) - 12.062.655 Other tangible assets (including leasehold improvements) 33.256.305 3.128.584 - - - - 36.384.889 Leased tangible assets 3.858.073 - - - - - 3.858.074 Operating Lease vehicles 73.154.608 9.487.982 2.673.882 - - - 85.316.472 Operating Lease Buildings - 19.255.629 19.255.629 Construction in progress (**) 5.924.030 5.520.855 - - 11.444.885 1.165.690.527 84.703.774 4.681.481 (6.643.211) - 1.805.505.600 3.053.938.171 Accumulated depreciation: Buildings for own use 280.881 1.309.806 - (3.700) - (1.567.807) 19.180 Machinery and equipment 78.738.239 17.431.879 - (4.827.972) - - 91.342.146 Furniture and fixtures 23.207.163 4.332.762 1.225.518 (861.804) - - 27.903.639 Land Vehiclesss 4.527.402 2 .007.920 306.617 (587 .730) - - 6.254.209 Other tangible assets (including leasehold improvements) 26.095.169 2.563.726 - - - - 28.658.895 Leased tangible assets 3.858.074 - - - - - 3.858.074 Operating Lease Vehicles - 3.379.521 - - - - 3.379.521 Operating Lease Buildings 21.289.473 12.166.750 1.872.806 - - - 35.329.029 157.996.401 43.192.364 3.404.941 (6.281.206) - (1.567.807) 196.744.694 Net book value 1.007.694.127 2.857.193.478 (*) Foreign currency translation effect resulted from Singapore Branch. (**) The costs related to heating and cooling group renewal in the investment in ongoing invesments. 233 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