MILLI_RE_ANNUAL REPORT 2022

December 31, 2021 Nominal value Cost Fair value Net book value Available for sale financial assets – Equity shares 61.871.244 104.398.469 104.398.469 Available for sale financial assets – Investment funds 22.462.238 31.435.763 31.435.763 Financial Assets Held For Trading - Investment funds 75.071.517 95.707.881 95.707.881 Available for sale financial assets – Private sector bonds 381.000.000 369.908.830 373.566.430 373.566.430 Available for sale financial assets – Private sector bonds FC 7.000.000 88.931.621 91.626.079 91.626.079 Total 618.245.450 696.734.622 696.734.622 Movements of the financial assets during the period are presented below: December 31, 2022 Financial assets held for trading Available-for-sale Total Balance at the beginning of the period 244.003.125 1.680.011.666 1.924.014.791 Unrealized exchange differences on financial assets 27.877.144 331.871.695 359.748.839 Acquisitions during the period 1.475.404.529 2.753.830.821 4.229.235.350 Disposals (sale and redemption) (898.418.709) (2.314.292.946) (3.212.711.655) Change in the fair value of financial assets 150.865.826 312.042.813 462.908.639 Change in amortized cost of the financial assets - 50.766.205 50.766.205 Balance at the end of the period 999.731.915 2.814.230.254 3.813.962.169 December 31, 2021 Financial assets held for trading Available-for-sale Total Balance at the beginning of the period 190.742.811 968.211.586 1.158.954.397 Acquisitions during the period 23.716.245 244.641.718 268.357.963 Disposals (sale and redemption) 356.341.014 1.298.301.856 1.654.642.870 Change in the fair value of financial assets (500.458.942) (900.208.435) (1.400.667.377) Change in amortized cost of the financial assets 173.661.997 127.361.100 301.023.097 Bonus shares acquired - (58.296.159) (58.296.159) Balance at the end of the period 244.003.125 1.680.011.666 1.924.014.791 12 Loans and receivables December 31, 2022 December 31, 2021 Receivables from main operations (Note 4.2) 1.023.493.863 640.389.582 Prepaid taxes and funds (Note 19) 13.673.790 - Other receivables (Note 4.2) 12.828.915 1.908.875 Other current asset 5.207.469 3.037.253 Total 1.055.204.037 645.335.710 Short-term receivables 843.290.936 519.559.623 Medium and long-term receivables 211.913.101 125.776.087 Total 1.055.204.037 645.335.710 152 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