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. Note Audited Current Period 1 January- December 31, 2023 Audited Prior Period 1 January- December 31, 2022 A- Cash flows from operating activities 1- Cash provided from insurance activities - - 2- Cash provided from reinsurance activities 19.910.933.845 5.476.848.498 3- Cash provided from individual pension business - - 4- Cash used in insurance activities - - 5- Cash used in reinsurance activities (21.720.509.513) (5.089.102.503) 6- Cash used in individual pension business - 7- Cash provided by operating activities (1.809.575.668) 387.745.995 8- Interest paid - - 9- Income taxes paid (12.635.123) (90.448.188) 10- Other cash inflows 103.862.492 770.069.425 11- Other cash outflows (327.339.040) (212.660.805) 12- Net cash provided by operating activities (2.045.687.339) 854.706.427 B - Cash flows from investing activities 1- Proceeds from disposal of tangible assets - 2.745.448 2- Acquisition of tangible assets 6, 8 (193.733.421) (32.149.978) 3- Acquisition of financial assets 11 (3.583.256.947) (4.229.235.350) 4- Proceeds from disposal of financial assets 11 4.677.050.478 3.212.711.655 5- Interests received 394.917.543 465.876.056 6- Dividends received 5.550.035 4.523.658 7- Other cash inflows 1.030.289.961 1.573.553.584 8- Other cash outflows (579.343.639) (2.819.119.379) 9- Net cash provided by investing activities 1.751.474.010 (1.821.094.306) C- Cash flows from financing activities - - 1- Equity shares issued - - 2- Cash provided from loans and borrowings - - 3- Finance lease payments (9.143.022) - 4- Dividends paid 2.23 - (47.984.125) 5- Other cash inflows - - 6- Other cash outflows - - 7- Net cash used in financing activities (9.143.022) (47.984.125) D- Effect of exchange rate fluctuations on cash and cash equivalents 2.173.039 621.132.758 E- Net increase in cash and cash equivalents (301.183.312) (393.239.246) F- Cash and cash equivalents at the beginning of the year 14 1.375.154.153 1.768.393.399 G- Cash and cash equivalents at the end of the year 14 1.073.970.841 1.375.154.153 Unconsolidated Statement of Cash Flows For the Year Ended December 31, 2023 104 MİLLİ RE