MILLI_RE_ANNUAL REPORT 2022

Name Total assets Shareholders’ equity Retained earnings Profit for the year Audited Period Subsidiaries: Miltaş Turizm Inşaat Ticaret AŞ 5.528.417 4.523.189 13.864 (592.172) Not Audited. 31 December 2022 Associates : Anadolu Hayat Emeklilik AŞ (consolidated) 90.659.179.398 3.466.206.841 49.488.334 1.391.751.856 Audited. 31 December 2022 In the current period TL 292.267.890 (December 31, 2021: 146.997.494) of income is obtained from associates and TL (592.172) of income is obtained from subsidiaries (December 31, 2021: TL 148.939) through equity accounted consolidation method. 10 Reinsurance assets and liabilities As of December 31, 2022, and 2021, outstanding reinsurance assets and liabilities of the Group in accordance with existing reinsurance contracts are as follows: Reinsurance assets December 31, 2022 December 31, 2021 Unearned premiums reserves, ceded (Note 17) 2.523.561.505 1.563.331.963 Outstanding claims reserve, ceded (Note 4.2), (Note 17) 4.562.215.886 2.957.988.891 Receivables from reinsurance companies (Note 12) 895.875.747 467.249.577 Cash deposited to reinsurance companies 1.005.162.022 631.657.238 Total 8.986.815.160 5.620.227.669 There are no impairment losses recognized for reinsurance assets. Reinsurance liabilities December 31, 2022 December 31, 2021 Payables to the reinsurers related to premiums written (Note 19) 1.697.747.508 1.243.712.653 Deferred commission income (Note 19) 346.493.633 202.730.004 Cash deposited by reinsurance companies 14.318.666 7.358.088 Commission payables to the reinsurers related to written premiums (Note 19) 12.955.729 8.390.642 Total 2.071.515.536 1.462.191.387 237 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