MILLI RE 2023 ANNUAL REPORT

Millî Reasürans Türk Anonim Şirketi (Currency: Turkish Lira (TL)) (Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish) The accompanying notes are an integral part of these unconsolidated financial statements. EQUITY V- Equity Note Audited Current Period December 31, 2023 Audited Prior Period December 31, 2022 A- Paid in Capital 660.000.000 660.000.000 1- (Nominal) Capital 2.13,15 660.000.000 660.000.000 2- Unpaid Capital (-) - - 3- Positive Inflation Adjustment on Capital - - 4- Negative Inflation Adjustment on Capital (-) - - 5- Unregistered Capital - - B- Capital Reserves 15 1.509.019.962 798.036.576 1- Equity Share Premiums - - 2- Cancellation Profits of Equity Shares - - 3- Profit on Sale to be Transferred to Capital 15 42.921.312 33.799.814 4- Translation Reserves 15 254.517.245 86.654.441 5- Other Capital Reserves 15 1.211.581.405 677.582.321 C- Profit Reserves 3.688.959.844 2.341.617.117 1- Legal Reserves 15 312.168.254 261.812.474 2- Statutory Reserves 15 183.984.605 122.747.456 3- Extraordinary Reserves 15 1.448.635.062 1.055.949.776 4- Special Funds (Reserves) 15 184.820.637 117.937.781 5- Revaluation of Financial Assets 11,15 1.576.301.378 775.959.399 6- Other Profit Reserves 15 (16.950.092) 7.210.231 D- Previous Years’ Profits 641.129.921 367.662.204 1- Previous Years’ Profits 641.129.921 367.662.204 E- Previous Years’ Losses (-) - - 1- Previous Years’ Losses - - F- Net Profit of the Period 15 3.629.008.053 888.619.766 1- Net Profit of the Period 3.624.887.450 879.498.268 2- Net Loss of the Period (-) - 3- Net Income not subject to distribution 4.120.603 9.121.498 Total Shareholders’ Equity 10.128.117.780 5.055.935.663 Total Liabilities and Shareholders’ Equity 22.668.143.370 12.400.448.277 Unconsolidated Balance Sheet As of December 31, 2023 98 MİLLİ RE