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) As of December 31, 2023, and 2022, receivables from main operations are detailed as follows: December 31, 2023 December 31, 2022 Receivables from insurance companies 723.099.199 360.751.126 Receivables from brokers and intermediaries 1.909.847.902 106.970.341 Receivables from reinsurance companies (Note 10) 985.866.927 145.416.652 Total receivables from insurance operations, net 3.618.814.028 613.138.119 Cash deposited to insurance and reinsurance companies 469.441.613 410.355.744 Doubtful receivables from main operations 153.566.800 78.486.484 Provision for doubtful receivables from main operations (153.566.800) (78.486.484) Receivables from main operations 4.088.255.641 1.023.493.863 As of December 31, 2023, and 2022, mortgages and collaterals obtained for receivables are disclosed as follows: December 31, 2023 December 31, 2022 Letters of guarantees - 33.828.714 Other Guarantees - - Total - 33.828.714 Provisions for overdue receivables and receivables not due yet a) Receivables under legal or administrative follow up (due): TL 153.566.800 for main operations (December 31, 2022: TL 78.486.484) and TL 705.142 (December 31, 2022: TL 705.142) for other receivables. b) Provision for premium receivables (due): None (December 31, 2022: None). The Company’s receivables from and payables to shareholders, associates and subsidiaries are detailed in Note 45 - Related party transactions . The details of the receivables and payables denominated in foreign currencies and foreign currency rates used for the translation are presented in Note 4.2- Financial risk management . 13 Derivative financial assets As of December 31, 2023, and 2022, the Company has no derivative financial instruments. 14 Cash and cash equivalents As of December 31, 2023, and 2022, the details of cash and cash equivalents are as follows: December 31, 2023 December 31, 2022 At the end of the period At the beginning of the period At the end of the period At the beginning of the period Cash on hand - 42.425 42.425 21.528 Bank deposits 1.825.305.969 1.690.301.129 1.690.301.129 1.940.001.758 Cheques received - - - - Cash and cash equivalents in the balance sheet 1.825.305.969 1.690.343.554 1.690.343.554 1.940.023.286 Bank deposits - blocked (500) (500) (500) (500) Time deposits with maturities longer than 3 months (745.832.738) (305.956.102) (305.956.102) (157.229.110) Interest accruals on bank deposits (5.501.890) (9.232.799) (9.232.799) (14.400.277) Cash and cash equivalents presented in the statement of cash flows 1.073.970.841 1.375.154.153 1.375.154.153 1.768.393.399 144 MİLLİ RE