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 consolidated financial statements. ASSETS I- Current Assets Note Audited Current Period December 31, 2023 Audited Prior Period December 31, 2022 A- Cash and Cash Equivalents 14 13.131.396.963 10.943.641.244 1- Cash 14 162.771 197.410 2- Cheques Received - - 3- Banks 14 9.678.868.672 9.156.392.304 4- Cheques Given and Payment Orders (-) 14 (3.167) (14.481) 5- Receivables From Credit Cards with Bank Guarantee Due Less Than Three Months 14 3.452.368.687 1.787.066.011 6- Other Cash and Cash Equivalents - - B- Financial Assets and Investments with Risks on Policy Holders 11 28.620.248.949 13.900.316.542 1- Financial Assets Available for Sale 11 13.902.404.460 10.162.243.014 2- Financial Assets Held to Maturity 11 329.439.782 379.792.253 3- Financial Assets Held for Trading 11 14.388.404.707 3.365.235.815 4- Loans - - 5- Provision for Loans (-) - - 6- Investments with Risks on Policy Holders - - 7- Equity Shares - - 8- Impairment in Value of Financial Assets (-) 11 - (6.954.540) C- Receivables From Main Operations 12 18.272.883.995 7.431.935.100 1- Receivables From Insurance Operations 12 11.565.780.832 5.267.808.104 2- Provision for Receivables From Insurance Operations (-) 12 (156.811.592) (58.689.982) 3- Receivables From Reinsurance Operations 12 5.366.209.860 1.320.821.871 4- Provision for Receivables From Reinsurance Operations (-) - - 5- Cash Deposited For Insurance & Reinsurance Companies 12 1.497.704.895 901.995.107 6- Loans to Policyholders - - 7- Provision for Loans to Policyholders (-) - - 8- Receivables from Pension Operation - - 9- Doubtful Receivables From Main Operations 4.2,12 1.024.803.971 741.496.380 10- Provisions for Doubtful Receivables From Main Operations (-) 4.2,12 (1.024.803.971) (741.496.380) D- Due from Related Parties - - 1- Due from Shareholders - - 2- Due from Affiliates - - 3- Due from Subsidiaries - - 4- Due from Joint Ventures - - 5- Due from Personnel - - 6- Due from Other Related Parties - - 7- Rediscount on Receivables Due from Related Parties (-) - - 8- Doubtful Receivables Due from Related Parties - - 9- Provisions for Doubtful Receivables Due from Related Parties (-) - - E- Other Receivables 12 111.056.559 52.249.222 1- Leasing Receivables - - 2- Unearned Leasing Interest Income (-) - - 3- Deposits and Guarantees Given 12 11.118.770 11.816.382 4- Other Receivables 12 99.937.789 40.432.840 5- Discount on Other Receivables (-) - - 6- Other Doubtful Receivables 4.2,12 705.142 705.142 7- Provisions for Other Doubtful Receivables (-) 4.2,12 (705.142) (705.142) F- Prepaid Expenses and Income Accruals 4.465.305.085 2.303.797.788 1- Deferred Commission Expenses 17 4.280.311.026 2.211.269.825 2- Accrued Interest and Rent Income - - 3- Income Accruals 4.2,12 108.303.904 56.748.581 4- Other Prepaid Expenses 4.2,12 76.690.155 35.779.382 G- Other Current Assets 126.564.171 56.970.945 1- Inventories 1.739.549 2.883.492 2- Prepaid Taxes and Funds 12,19 9.246.952 13.673.790 3- Deferred Tax Assets - - 4- Job Advances 12 110.081.315 35.618.395 5- Advances Given to Personnel 12 36.338 - 6- Stock Count Differences - - 7- Other Current Assets 12 5.460.017 4.795.268 8- Provision for Other Current Assets (-) - - I- Total Current Assets 64.727.455.722 34.688.910.841 Consolidated Balance Sheet As of December 31, 2023 172 MİLLİ RE