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) December 31, 2022 Level 1 Level 2 Level 3 Total Financial assets: Available for sale financial assets (Note 11) (*) 10.154.517.220 - - 10.154.517.220 Financial assets held for trading (Note 11) 2.790.613.979 574.621.836 - 3.365.235.815 Associates - 727.903.437 - 727.903.437 Subsidiaries - 4.523.190 - 4.523.190 Total financial assets 12.945.131.199 1.307.048.463 - 14.252.179.662 Tangible assets: Investment properties (Note 6) - 1.894.516.000 - 1.894.516.000 Owner occupied properties (Note 6) - 802.940.000 - 802.940.000 Total tangible assets - 2.697.456.000 - 2.697.456.000 Total 12.945.131.199 4.004.504.463 16.949.635.662 (*) As of December 31, 2023, securities that are not publicly traded amounting to TL 805.244 (December 31, 2022: TL 771.254) have been measured at cost. Equity share price risk Equity share price risk is defined as the risk of decreasing the market price of equity shares as a result of a decline in index. The effect on Group income as a result of 10% change in the fair value of equity instruments held as held for trading financial assets (traded at İstanbul Stock Exchange) due to a reasonably possible change in equity indices, with all other variables held constant, is as follows (excluding tax effect): December 31, 2023 December 31, 2022 Profit or loss Equity (*) Profit or loss Equity (*) Financial assets held for trading (142.504.296) (142.504.296) (57.073.168) (57.073.168) Available for sale financial assets - (160.573.061) - (94.290.124) Total, net (142.504.296) (303.077.357) (57.073.168) (151.363.292) (*) Equity impact includes impact of change of conjectural interest rates on income statement. 219 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