MILLI REASURANS ANNUAL REPORT 2018

Milli Re Annual Report 2018 38 / Activities and Major Developments Related to Activities AFFILIATES Anadolu Anonim Türk Sigorta Şirketi Anadolu Anonim Türk Sigorta Şirketi (Anadolu Sigorta) is Turkey’s first national insurance company, which was established on 1 April 1925. As one of the market leaders in premium production, the Company succeeded in being the first Turkish insurance company to exceed the USD 1 billion threshold in total premium production in 2007. Anadolu Sigorta which is the pioneer in the sector with its customer satisfaction, continuous improvement and development focused approach was entitled to obtain ISO 9001 Quality Management System Certificate in December 2004, which was renewed in April 2018 with the new version ISO 9001:2015 Quality Management System Certificate. Anadolu Sigorta operates in all Non-Life insurance branches. Fitch Ratings confirmed Anadolu Sigorta’s ratings for International Insurer Financial Strength as BBB-, for National Insurer Financial Strength as AA+ (tur), both with stable outlook. Anadolu Sigorta’s shares are publicly-traded on Borsa İstanbul (BİST) National Market under the symbol “ANSGR”. 48% of the Company’s shares are public, whilst 57.31% are held by Millî Reasürans T.A.Ş. Pursuant to the Communiqué on the Preparation of Consolidated Financial Statements of Insurance, Reinsurance and Pension Companies published in the Official Gazette issue 27097 dated 31 December 2008 and to the Turkish Accounting Standards 27, Milli Re consolidates the financial results of Anadolu Sigorta on a line-by-line basis since 30 September 2010. Our subsidiary which was incorporated into the Company Solo Financial Statements with its fair value, is accounted based on equity method as at 31.12.2018. www.anadolusigorta.com.tr Miltaş Turizm İnşaat Ticaret A.Ş. Miltaş Sports Complex has been serving the insurance market since 1986 with its facilities for various sports, particularly tennis and basketball. Milli Re has 77% share in Miltaş Turizm İnşaat Ticaret A.Ş. Within the context of the exception stipulated in the Communiqué on the Preparation of Consolidated Financial Statements of Insurance, Reinsurance and Pension Companies published in the Official Gazette issue 27097 dated 31 December 2008, Miltaş Turizm İnşaat Ticaret A.Ş., which is a subsidiary of the Company, is excluded from the scope of consolidation, due to the fact that the subsidiary’s total assets correspond to less than 1% of the Company’s total assets. Our subsidiary which was incorporated into the Company Solo Financial Statements with its cost value, is accounted based on equity method as at 31.12.2018. www.miltasturizm.com.tr