MILLI_RE_ANNUAL REPORT 2022

As of December 31, 2022, and 2021, receivables from main operations are detailed as follows: December 31, 2022 December 31, 2021 Receivables from insurance companies 360.751.126 181.896.960 Receivables from brokers and intermediaries 106.970.341 90.597.920 Receivables from reinsurance companies (Note 10) 145.416.652 86.696.642 Total receivables from insurance operations, net 613.138.119 359.191.522 Cash deposited to insurance and reinsurance companies 410.355.744 281.198.060 Doubtful receivables from main operations 78.486.484 63.257.777 Provision for doubtful receivables from main operations (78.486.484) (63.257.777) Receivables from main operations 1.023.493.863 640.389.582 As of December 31, 2022, and 2021, mortgages and collaterals obtained for receivables are disclosed as follows: December 31, 2022 December 31, 2021 Letters of guarantees 33.828.714 24.484.094 Other Guarantees - 201.669 Total 33.828.714 24.685.763 Provisions for overdue receivables and receivables not due yet a) Receivables under legal or administrative follow up (due): TL  78.486.484 for main operations (December 31, 2021: TL 63.257.777) and TL 705.142 (December 31, 2021: TL 1.061.329) for other receivables. b) Provision for premium receivables (due): None (December 31, 2021: None). The Company’s receivables from and payables to shareholders, associates and subsidiaries are detailed in note 45 – Related party transactions . The details of the receivables and payables denominated in foreign currencies and foreign currency rates used for the translation are presented in Note 4.2– Financial risk management. 13 Derivative financial assets As of December 31, 2022, and 2021, the Company has no derivative financial instruments. 14 Cash and cash equivalents As of December 31, 2022, and 2021, the details of cash and cash equivalents are as follows: December 31, 2022 December 31, 2021 At the end of the period At the beginning of the period At the end of the period At the beginning of the period Cash on hand 42.425 21.528 21.528 21.439 Bank deposits 1.690.301.129 1.940 .001.758 1.940.001. 758 1.591.695.487 Cheques received - - - 400.138 Cash and cash equivalents in the balance sheet 1.690.343.554 1.940.023.286 1.940.023.286 1.592.117.064 Bank deposits – blocked (500) (500) (500) (500) Time deposits with maturities longer than 3 months (305.956.102) (157.229.110) (157.229.110) (145.142.438) Interest accruals on bank deposits (9.232.799) (14.400.277) (14.400.277) (10.329.632) Cash and cash equivalents presented in the statement of cash flows 1.375.154.153 1.768.393.399 1.768.393.399 1.436.644.494 153 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 RISKS AND ASSESSMENT OF THE GOVERNING BODY UNCONSOLIDATED FINANCIAL STATEMENTS TOGETHER WITH INDEPENDENT AUDITORS’ REPORT THEREON CONSOLIDATED FINANCIAL STATEMENTS TOGETHER WITH INDEPENDENT AUDITORS’ REPORT THEREON FINANCIAL STATUS