MILLI_RE_ANNUAL REPORT 2022

December 31, 2021 Nominal value Cost Fair value Book Value Debt instruments: Government bonds – TL 1.381.716.740 1.220.705.372 1.155.385.162 1.155.385.162 Government bonds – USD 209.312.910 412.603.919 520.647.054 520.647.054 Government bonds – EUR 163.092.000 283.141.231 333.523.802 333.523.802 Private sector bonds- USD 3.116.939.583 3.317.796.056 3.467.190.557 3.467.190.557 Private sector bonds – TL 753.706.825 742.405.526 763.369.122 763.369.122 Impairment loss on private sector bonds 75.433.500 74.415.148 74.936.919 74.936.919 (6.954.540) (6.954.540) Non-fixed income financial assets: 6.051.067.252 6.308.098.076 6.308.098.076 Equity shares 238.492.481 437.829.866 437.829.866 Investment funds 152.825.735 184.542.448 184.542.448 391.318.216 622.372.314 622.372.314 Total available for sale financial assets 6.442.385.468 6.930.470.390 6.930.470.390 All debt instruments presented above are traded in the capital markets, As of December 31, 2022, equity shares classified as available for sale financial assets with a carrying amount of TL 771.254 are not publicly traded (December 31, 2021: TL 992.072). There is no debt security issued during the period or issued before and paid during the period by the Group. Value increases in financial assets including equity shares classified as available for sale financial assets and subsidiaries for the last 3 years (including tax effects): Year Change in value increase Total increase in value 2022 747.941.219 775.959.402 2021 (256.054.378) 28.018.183 2020 184.597.745 284.072.561 As of December 31, 2022, and 2021 the Group’s held to maturity financial assets portfolio are detailed as follows: December 31, 2022 Nominal value Cost Fair value Net book value Debt instruments: Government bonds – USD 176.603.279 177.949.150 181.556.360 183.784.275 Government bonds – EUR 196.332.150 184.271.747 199.246.961 196.007.978 Total held to maturity financial assets 362.220.897 380.803.321 379.792.253 240 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