MILLI RE 2023 ANNUAL REPORT

Millî Reasürans Türk Anonim Şirketi The accompanying notes are an integral part of these unconsolidated financial statements. (Currency: Turkish Lira (TL)) (Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish) LIABILITIES IV- Long-Term Liabilities Note Audited Current Period December 31, 2023 Audited Prior Period December 31, 2022 A- Borrowings 16.593.962 96.133 1- Loans to Financial Institutions - - 2- Finance Lease Payables - - 3- Deferred Finance Lease Borrowing Costs (-) - - 4- Bonds Issued - - 5- Other Issued Financial Assets - - 6- Value Differences on Issued Financial Assets (-) - - 7- Other Financial Borrowings (Liabilities) 20 16.593.962 96.133 B- Payables From Main Operations 5.502 41.806.032 1- Payables Due to Insurance Operations - - 2- Payables Due to Reinsurance Operations 4.2,19 - 41.784.665 3- Cash Deposited by Insurance & Reinsurance Companies 5.502 21.367 4- Payables Due to Pension Operations - - 5- Payables from Other Operations - - 6- Discount on Other Payables From Main Operations (-) - - C- Due to Related Parties - - 1- Due to Shareholders - - 2- Due to Affiliates - - 3- Due to Subsidiaries - - 4- Due to Joint Ventures - - 5- Due to Personnel - - 6- Due to Other Related Parties - - D- Other Payables - - 1- Deposits and Guarantees Received - - 2- Due to SSI regarding Treatment Expenses - - 3- Other Payables - - 4- Discount on Other Payables (-) - - E- Insurance Technical Reserves 17 270.559.287 405.400.733 1- Unearned Premiums Reserve - Net - - 2- Unexpired Risk Reserves - Net - - 3- Mathematical Reserves - Net - - 4- Outstanding Claims Reserve - Net - - 5- Provision for Bonus and Discounts - Net - - 6- Other Technical Reserves - Net 17 270.559.287 405.400.733 F- Other Liabilities and Provisions - - 1- Other Liabilities - - 2- Overdue, Deferred or By Installment Other Liabilities - - 3- Other Liabilities and Expense Accruals - - G- Provisions for Other Risks 4.2,23 361.311.155 265.815.978 1- Provision for Employment Termination Benefits 4.2,23 22.028.149 30.548.796 2- Provisions for Employee Pension Fund Deficits 4.2,22,23 339.283.006 235.267.182 H- Deferred Income and Expense Accruals 19 - - 1- Deferred Commission Income - - 2- Expense Accruals - - 3- Other Deferred Income - - I- Other Long-Term Liabilities 21 - 167.314.226 1- Deferred Tax Liability 21 - 167.314.226 2- Other Long-Term Liabilities - - IV- Total Long-Term Liabilities 648.469.906 880.433.102 Unconsolidated Balance Sheet As of December 31, 2023 97 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