MILLI_RE_ANNUAL REPORT 2022

Movement in intangible assets in the period from January 1 to December 31, 2021 is presented below: January 1, 2021 Additions Foreign currency translation effects (*) Disposal Transfers December 31, 2021 Cost: Rights 47.785.666 2.001.983 128.815 - - 49.916.464 Advances on intangible fixed assets (**) - 12.469.277 - - - 12.469.277 47.785.666 14.471.260 128.815 - - 62.385.741 Accumulated amortization: Rights 16.615.898 14.932.441 95.737 - - 31.644.076 16.615.898 14.932.441 95.737 - - 31.644.076 Carrying amounts 31.169.768 30.741.665 (*) Foreign currency translation effect resulted from Singapore Branch. 9 Investments in associates The Company accounts for its subsidiaries, its investments in associates and its joint ventures using the equity method defined in TAS 27 - “Consolidated and Separate Financial Statements” in preparing the unconsolidated financial statements. As of the reporting date, the carrying values of the investments accounted for using equity method accounted in balance sheet in the unconsolidated financial statements of the Company are as follows: December 31, 2022 December 31, 2021 Net book value Participation rate % Net book value Participation rate % Anadolu Hayat Emeklilik 431.889.372 12,46 234.810.535 12,46 Investments in associates, net 431.889.372 234.810.535 Anadolu Sigorta 2.328.905.247 57,31 1.244.554.254 57,31 Miltaş Turizm İnşaat Ticaret Anonim Şirketi 4.523.189 100,00 3.992.979 78,00 Investments in subsidiaries, net 2.333.428.436 1.248.547.233 Total financial asset 2.765.317.808 1.483.357.768 Name Total assets Shareholders’ equity Retained earnings Profit for the year Audited Period Associates: Anadolu Hayat Emeklilik (*) 90.659.179.398 3.466.206.841 49.488.334 1.391.751.856 Audited. December 31, 2022 Subsidiaries: Miltaş Turizm İnşaat Tic.A.Ş. 5.528.417 4.523.189 13.864 (592.172) Not Audited. December 31, 2022 Anadolu Sigorta (*) 29.414.397.226 4.756.818.270 125.281.148 1.323.551.677 Audited. December 31, 2022 (*) As of December 31, 2022, consolidated financial informations of Anadolu Sigorta and Anadolu Hayat Emeklilik are shown. 148 MİLLİ RE 2022 ANNUAL REPORT Notes to the Unconsolidated Financial Statements As of December 31, 2022 Millî Reasürans Türk Anonim Şirketi (Currency: Turkish Lira (TL)) Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish, See Note 2.1.1 GENERAL INFORMATION FINANCIAL RIGHTS PROVIDED TO THE MEMBERS OF THE GOVERNING BODY AND SENIOR EXECUTIVES RESEARCH & DEVELOPMENT ACTIVITIES ACTIVITIES AND MAJOR DEVELOPMENTS RELATED TO ACTIVITIES