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) December 31, 2022 Nominal value Cost Fair value Net book value Available for sale financial assets - Equity shares 61.871.244 289.699.205 289.699.205 Available for sale financial assets - Investment funds 52.537.380 63.257.425 63.257.425 Financial Assets Held For Trading - Investment funds 393.777.415 455.512.732 455.512.732 Financial Assets Held for Trading - Currency Protected Deposits 94.383.307 96.430.000 96.430.000 Available for sale financial assets - Private sector bonds 80.000.000 80.000.000 82.731.200 82.731.200 Available for sale financial assets - Private sector bonds FC 9.000.000 79.414.848 169.147.066 169.147.066 Total 761.984.194 1.156.777.628 1.156.777.628 Movements of the financial assets during the period are presented below: December 31, 2023 Financial assets held for trading Available-for-sale Total Balance at the beginning of the period 999.731.915 2.814.230.254 3.813.962.169 Unrealized exchange differences on financial assets (51.593.389) 863.770.916 812.177.527 Acquisitions during the period 2.769.818.978 813.437.969 3.583.256.947 Disposals (sale and redemption) (3.439.802.938) (1.237.247.540) (4.677.050.478) Change in the fair value of financial assets 333.070.585 554.032.472 887.103.037 Change in amortized cost of the financial assets - 30.487.712 30.487.732 Balance at the end of the period 611.225.151 3.838.711.783 4.449.936.934 December 31, 2022 Financial assets held for trading Available-for-sale Total Balance at the beginning of the period 244.003.125 1.680.011.666 1.924.014.791 Acquisitions during the period 27.877.144 331.871.695 359.748.839 Disposals (sale and redemption) 1.475.404.529 2.753.830.821 4.229.235.350 Change in the fair value of financial assets (898.418.709) (2.314.292.946) (3.212.711.655) Change in amortized cost of the financial assets 150.865.826 312.042.813 462.908.639 Bonus shares acquired - 50.766.205 50.766.205 Balance at the end of the period 999.731.915 2.814.230.254 3.813.962.169 12 Loans and receivables December 31, 2023 December 31, 2022 Receivables from main operations (Note 4.2) 4.088.255.641 1.023.493.863 Prepaid taxes and funds (Note 19) 9.170.386 13.673.790 Other receivables (Note 4.2) 37.011.346 12.828.915 Other current asset 47.448 5.207.469 Total 4.134.484.821 1.055.204.037 Short-term receivables 3.738.547.685 843.290.936 Medium and long-term receivables 395.937.136 211.913.101 Total 4.134.484.821 1.055.204.037 143 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