MILLI_RE_ANNUAL REPORT 2022

December 31, 2021 Nominal value Cost Fair value Net book value Debt instruments: Government bonds – USD 193.270.500 183.060.487 194.882.716 190.515.144 Government bonds – EUR 133.653.075 135.010.836 137.300.143 139.428.097 Private sector bonds - USD 1.149.892.830 1.087.955.022 1.143.972.754 1.141.574.778 Total held to maturity financial assets 1.406.026.345 1.476.155.613 1.471.518.019 As of December 31, 2022, and 2021, the movement of the financial assets is presented below: December 31, 2022 Trading Available-for-Sale Held to maturity Total Balance at the beginning of the period 928.078.966 6.930.470.390 1.471.518.019 9.330.067.375 Acquisitions during the period 19.245.992.234 11.257.984.455 - 30.503.976.689 Disposals (sale and redemption) (19.016.601.356) (11.716.088.566) (1.480.061.755) (32.212.751.677) Change in the fair value of financial assets 2.179.888.827 1.887.167.267 - 4.067.056.094 Change in amortized cost of the financial assets - 1.463.883.233 388.335.989 1.852.219.222 Bonus shares acquired 27.877.144 331.871.695 - 359.748.839 Balance at the end of the period 3.365.235.815 10.155.288.474 379.792.253 13.900.316.542 December 31, 2021 Trading Available-for-Sale Held to maturity Total Balance at the beginning of the period 420.642.549 4.335.178.153 1.038.057.085 5.793.877.787 Acquisitions during the period 612.070.482 15.765.943.347 - 16.378.013.829 Disposals (sale and redemption) (730.037.032) (15.317.942.351) (303.407.858) (16.351.387.241) Change in the fair value of financial assets 601.686.722 54.702.285 - 656.389.007 Change in amortized cost of the financial assets - 1.847.947.238 736.868.792 2.584.816.030 Bonus shares acquired 23.716.245 244.641.718 - 268.357.963 Balance at the end of the period 928.078.966 6.930.470.390 1.471.518.019 9.330.067.375 241 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