MILLI RE 2020 ANNUAL REPORT

Financial Status 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 69 Milli Re Annual Report 2020 2020 Technical Results Milli Re’s premium income increased by 9.73% on a year‑on‑year basis and reached TL 1,820,275,306 in 2020. Paid claims increased by 6.69% and were recorded as TL 1,052,685,037 as at the end of 2020. Premium Production (TL) Line of Business 2020 2019 2018 Accident 30,010,309 27,302,812 29,228,125 Health 7,369,444 8,029,501 6,949,085 Land Vehicles 27,526,323 38,102,445 34,067,419 Railway Vehicles - - - Air Vehicles 1,108216 735,239 522,708 Sea Vehicles 66,963,918 45,936,915 36,025,194 Marine 71,603,752 52,994,825 50,733,243 Fire & Natural Disasters 1,005,205,113 977,897,738 688,500,691 General Damages 461,653,743 367,787,905 358,625,948 Land Vehicles Liability 46,154,678 46,795,194 41,101,168 Air Vehicles Liability - - - Sea Vehicles Liability - 28,056 24,404 General Liability 62,590,682 70,219,885 51,426,124 Credit 836,401 490 - Fidelity Guarantee 1,546,349 1,195,108 688,030 Financial Losses 4,364,980 4,087,588 1,552,706 Legal Protection 426,945 382,386 418,001 Total Non-life 1,787,360,853 1,641,496,087 1,299,862,846 Life 32,914,453 17,323,840 20,314,687 Total 1,820,275,306 1,658,819,927 1,320,177,533 2020 Premium Production Geographical Breakdown TL % Turkey 1,335,217,811 73 Asia 316,753,906 17 Asia 223,354,148 12 Middle East 86,518,999 5 Europe 82,318,632 4 Western Europe 23,522,583 1 Central & Eastern Europe 58,796,049 3 Worldwide 31,145,666 2 Others (incl. America) 43,818,440 3 Africa 11,020,850 1 1.820.275.306 100