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) Maturity distribution of monetary assets and liabilities: December 31, 2023 Book value Up to 1 month 1 to 3 months 3 to 6 months 6 to 12 months Over 1 year Assets Cash and cash equivalents 13.131.396.963 6.905.850.163 5.816.050.587 229.419.985 180.076.228 - Financial assets and financial investments with risks on policyholders (*) 25.588.670.132 10.822.111.544 1.166.480.415 2.178.765.395 509.625.350 10.911.687.428 Receivables from main operations 18.668.821.131 3.811.599.373 4.609.693.164 3.768.985.227 948.830.481 5.529.712.886 Other receivables and current assets 422.460.337 291.104.543 13.975.567 20.562.892 95.232.238 1.585.097 Total monetary assets 57.811.348.563 21.830.665.623 11.606.199.733 6.197.733.499 1.733.764.297 16.442.985.411 Liabilities Financial liabilities 144.295.014 1.173.397 2.307.155 3.365.026 25.545.276 111.904.160 Payables arising from main operations 6.084.118.206 868.455.316 415.822.131 473.813.389 4.320.350.076 5.677.294 Due to related parties 2.085.823 2.085.823 - - - - Other liabilities 668.894.604 388.880.081 242.936.125 - 37.078.398 - Insurance technical reserves (**) 21.341.168.041 1.799.335.181 3.535.842.317 4.245.871.412 1.576.441.885 10.183.677.246 Provisions for taxes and other similar obligations 800.540.106 572.182.932 228.357.174 - - - Provisions for other risks and expense accruals 1.031.592.285 190.006.953 163.258.436 1.398.637 315.617.102 361.311.157 Total monetary liabilities 30.072.694.079 3.822.119.683 4.588.523.338 4.724.448.464 6.275.032.737 10.662.569.857 (*) Equity shares amounting to TL 3.031.578.817 are not included. (**) Provisions for outstanding claims are subject to maturity distribution, taking into account the estimated payment dates, and all of the provisions for outstanding claims are presented under current liabilities in the accompanying consolidated financial statements. Provisions for outstanding claims that could not be distributed consistently are shown in the “more than 1 year” column. December 31, 2022 Book value Up to 1 month 1 to 3 months 3 to 6 months 6 to 12 months Over 1 year Assets Cash and cash equivalents 10.943.641.244 6.949.494.750 3.803.488.062 136.764.533 53.893.899 - Financial assets and financial investments with risks on policyholders (*) 12.385.912.362 2.847.675.456 362.620.950 245.858.041 976.849.032 7.952.908.883 Receivables from main operations 7.643.848.201 668.169.430 2.230.649.329 1.911.490.332 427.663.016 2.405.876.094 Other receivables and current assets 199.971.764 156.483.292 6.502.464 6.303.123 29.575.759 1.107.126 Total monetary assets 31.173.373.571 10.621.822.928 6.403.260.805 2.300.416.029 1.487.981.706 10.359.892.103 Liabilities Financial liabilities 99.915.061 18.751.852 5.107 7.579 10.889.626 70.260.897 Payables arising from main operations 2.596.858.889 610.549.537 502.355.492 548.686.494 893.461.333 41.806.033 Due to related parties 1.262.116 1.262.116 - - - - Other liabilities 381.363.305 343.519.844 12.892.612 - 24.950.849 - Insurance technical reserves (**) 13.199.847.470 1.138.063.241 1.954.420.290 2.663.673.173 1.000.692.585 6.442.998.181 Provisions for taxes and other similar obligations 394.550.536 291.780.585 102.769.951 - - - Provisions for other risks and expense accruals 651.059.351 133.815.801 56.771.151 - 194.656.421 265.815.978 Total monetary liabilities 17.324.856.728 2.537.742.976 2.629.214.603 3.212.367.246 2.124.650.814 6.820.881.089 (*) Equity shares amounting to TL 1.514.404.180 are not included. (**) Provisions for outstanding claims are subject to maturity distribution, taking into account the estimated payment dates, and all of the provisions for outstanding claims are presented under current liabilities in the accompanying consolidated financial statements. Provisions for outstanding claims that could not be distributed consistently are shown in the “more than 1 year” column. 215 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