MILLI RE 2023 ANNUAL REPORT

Notes to the Consolidated 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) Insurance risk concentrations The Group’s gross and net insurance risk concentrations (after reinsurance) in terms of insurance branches are summarized as below: Branches December 31, 2023 Gross total claims liability (*) Reinsurance share of total claims liability Net total claims liability Land Vehicles Liabitily 5.597.822.676 (1.223.755.406) 4.374.067.270 Land Vehicles 4.772.190.694 (139.338.752) 4.632.851.942 Fire and Natural Disasters 19.573.944.219 (15.085.912.687) 4.488.031.532 General Losses 2.054.430.939 (435.285.517) 1.619.145.422 General Liability 537.566.079 (144.105.935) 393.460.144 Sea Vehicles 716.715.657 (304.462.538) 412.253.119 Accident 73.202.116 (12.914.952) 60.287.164 Marine 552.845.987 (251.180.796) 301.665.191 Life 9.400.117 (2.568.630) 6.831.487 Air Vehicles 94.457.008 (33.120.161) 61.336.847 Health 3.247.258.583 (163.036.111) 3.084.222.472 Breach of trust 6.971.309 2.609.488 9.580.797 Air Vehicles Liability 4.325.088 (2.266.349) 2.058.739 Legal Protection 288.181 - 288.181 Financial Losses 833.700.147 (604.115.092) 229.585.055 Credit 6.931.545 (151.268) 6.780.277 Total 38.082.050.345 (18.399.604.706) 19.682.445.639 Branches December 31, 2022 Gross total claims liability (*) Reinsurance share of total claims liability Net total claims liability Land Vehicles Liabitily 3.214.330.811 (773.608.134) 2.440.722.677 Land Vehicles 2.702.128.641 (8.919.935) 2.693.208.706 Fire and Natural Disasters 2.422.448.062 (466.494.732) 1.955.953.330 General Losses 1.267.585.922 (137.543.106) 1.130.042.816 General Liability 301.976.687 (41.140.213) 260.836.474 Sea Vehicles 404.890.346 (151.278.808) 253.611.538 Accident 51.376.294 (3.368.089) 48.008.205 Marine 207.331.318 (48.719.219) 158.612.099 Life 9.673.464 (381.331) 9.292.133 Air Vehicles 20.555.052 (657.487) 19.897.565 Health 1.580.855.752 (76.842.298) 1.504.013.454 Breach of trust 2.299.483 1.674.977 3.974.460 Air Vehicles Liability 2.239.725 (462.556) 1.777.169 Legal Protection 338.512 - 338.512 Sea Vehicles Liability 290 - 290 Financial Losses 146.960.145 (79.329.497) 67.630.648 Credit 3.641.463 (664.030) 2.977.433 Total 12.338.631.967 (1.787.734.458) 10.550.897.509 (*) Total claims liability includes outstanding claims reserve (paid). Effects of the changes in assumptions used in the measurement of insurance assets and liabilities showing the effect of each change separately that has significant effect on financial statements In the current year, there are no material changes in the assumptions of measurement of insurance assets and liabilities. 212 MİLLİ RE