MILLI RE 2023 ANNUAL REPORT

Notes to the Unconsolidated Financial Statements As of December 31, 2023 Millî Reasürans Türk Anonim Şirketi (Currency: Turkish Lira (TL)) (Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish) 11 Financial assets As of December 31, 2023, and 2022, the Company’s financial assets portfolio are detailed as follows: December 31, 2023 December 31, 2022 Available for sale financial assets 611.225.151 999.731.915 Financial Assets Held for Trading 3.838.711.783 2.821.184.794 Provisions for impairment for financial assets available for sale - (6.954.540) Total 4.449.936.934 3.813.962.169 As of December 31, 2023, and 2022, the Company’s available for sale financial assets are as follows: December 31, 2023 Nominal value Cost Fair value Net book value Debt instruments: Government bonds - EUR 33.130.000 513.062.696 1.118.747.045 1.118.747.045 Government bonds - USD 26.644.000 337.039.446 801.080.526 801.080.526 Government bons - TL 39.293.493 59.490.880 102.838.930 102.838.930 Private sector bonds - USD 38.032.000 602.809.643 1.139.663.893 1.139.663.893 Private sector bonds - EUR 2.500.000 65.846.419 79.415.168 79.415.168 Private sector bonds - TL 103.000.000 102.051.500 102.834.175 102.834.175 Impairment loss on private sector bondsTL - - 1.680.300.584 3.344.579.737 3.344.579.737 Non-fixed income financial assets: Equity shares 61.938.846 424.271.505 424.271.505 Investment funds 35.992.237 69.860.541 69.860.541 97.931.083 494.132.046 494.132.046 Total available-for-sale financial assets 1.778.231.667 3.838.711.783 3.838.711.783 December 31, 2022 Nominal value Cost Fair value Net book value Debt instruments: Government bonds - EUR 27.580.000 394.864.913 559.875.414 559.875.414 Government bonds - USD 60.153.493 109.490.214 158.877.317 158.877.317 Government bons - TL 36.856.000 408.501.302 648.150.208 648.150.208 Private sector bonds - USD 39.532.000 491.805.232 734.123.636 734.123.636 Private sector bonds - TL 332.680.000 339.236.052 367.133.987 367.133.987 Impairment loss on private sector bonds (6.954.540) (6.954.540) 1.743.897.713 2.461.206.022 2.461.206.022 Non-fixed income financial assets: Equity shares 61.938.846 289.766.807 289.766.807 Investment funds 52.537.380 63.257.425 63.257.425 114.476.226 353.024.232 353.024.232 Total available-for-sale financial assets 1.858.373.939 2.814.230.254 2.814.230.254 141 2023 Annual Report GENERAL INFORMATION FINANCIAL RIGHTS PROVIDEDTOTHE MEMBERS OF THE GOVERNING BODY AND SENIOR EXECUTIVES RISKS AND ASSESSMENT OF THE GOVERNING BODY ACTIVITIES AND MAJOR DEVELOPMENTS RELATED TO ACTIVITIES RESEARCH & DEVELOPMENT ACTIVITIES FINANCIAL STATUS FINANCIAL INFORMATION