MILLI RE 2020 ANNUAL REPORT

Millî Reasürans Türk Anonim Şirketi (Currency: Turkish Lira (TL)) NOTES TO THE UNCONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2020 (Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish, See Note 2.1.1) Maturity distribution of monetary assets and liabilities: December 31, 2020 Carrying amount Up to 1 month 1 to 3 months 3 to 6 months 6 to 12 months 1 year and up Unallocated Cash and cash equivalents 1.592.117.064 1.418.820.700 66.515.239 52.046.973 54.734.152 - - Financial assets (*) 1.001.292.061 349.485.443 165.686.902 28.383.600 111.071.322 346.664.794 - Receivables from main operations 429.575.728 132.441.168 85.037.364 19.865.886 28.297.389 163.933.921 - Other receivables and current assets 63.189.072 62.571.719 - - 617.353 - - Total monetary assets 3.086.173.925 1.963.319.030 317.239.505 100.296.459 194.720.216 510.598.715 - Financial liabilities and other liabilities 1.321.982 1.321.982 - - - - Payables arising from main operations 75.120.811 59.301.100 1.179.731 1.250.893 95.495 13.293.592 - Due to related parties 136.214 136.214 - - - - - Insurance technical reserves (**) 1.631.453.741 - - - - - 1.631.453.741 Provisions for taxes and other similar obligations 2.358.902 2.358.902 - - - - - Provisions for other risks and expense accruals 88.672.602 2.757.182 4.231.201 - - - 81.684.219 Total monetary liabilities 1.799.064.252 65.875.380 5.410.932 1.250.893 95.495 13.293.592 1.713.137.960 (*) Equity shares amounting to TL 157.662.336 are not included. (**) Net of outstanding claims reserve not subject to consistent distribution is presented in the “unallocated” column. Activities and Major Developments Related to Activities General Information Financial Rights Provided to the Members of the Governing Body and Senior Executives Research & Development Activities Milli Re Annual Report 2020 128