MILLI RE 2020 ANNUAL REPORT

Millî Reasürans Türk Anonim Şirketi (Currency: Turkish Lira (TL)) The accompanying notes are an integral part of these unconsolidated financial statements. (Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish, See Note 2.1.1) ASSETS I- Current Assets Note Audited Current Period December 31, 2020 Audited Prior Period December 31, 2019 A- Cash and Cash Equivalents 4.2,14 1.592.117.064 1.754.800.717 1- Cash 4.2,14 21.439 60.119 2- Cheques Received 4.2,14 400.138 240.000 3- Banks 4.2,14 1.591.695.487 1.754.500.598 4- Cheques Given and Payment Orders (-) - - 5- Receivables From Credit Cards with Bank Guarantee Due Less Than Three Months - - 6- Other Cash and Cash Equivalents - - B- Financial Assets and Investments with Risks on Policy Holders 11 1.158.954.397 520.755.751 1- Financial Assets Available for Sale 11 975.166.126 527.710.291 2- Financial Assets Held to Maturity - - 3- Financial Assets Held for Trading  11 190.742.811 - 4- Loans - - 5- Provision for Loans (-) - - 6- Investments with Risks on Policy Holders - - 7- Equity Shares - - 8- Impairment in Value of Financial Assets (-) 11 (6.954.540) (6.954.540) C- Receivables From Main Operations 4.2,12 265.641.807 178.472.108 1- Receivables From Insurance Operations - - 2- Provision for Receivables From Insurance Operations (-) - - 3- Receivables From Reinsurance Operations 4.2,12 174.596.149 125.367.512 4- Provision for Receivables From Reinsurance Operations (-) - - 5- Cash Deposited For Insurance & Reinsurance Companies 4.2,12 91.045.658 53.104.596 6- Loans to Policyholders - - 7- Provision for Loans to Policyholders (-) - - 8- Receivables from Pension Operation - - 9- Doubtful Receivables From Main Operations - - 10- Provisions for Doubtful Receivables From Main Operations (-) - - D- Due from Related Parties - - 1- Due from Shareholders - - 2- Due from Affiliates - - 3- Due from Subsidiaries - - 4- Due from Joint Ventures - - 5- Due from Personnel - - 6- Due from Other Related Parties - - 7- Rediscount on Receivables Due from Related Parties (-) - - 8- Doubtful Receivables Due from Related Parties - - 9- Provisions for Doubtful Receivables Due from Related Parties (-) - - E- Other Receivables 4.2,12 1.604.433 1.746.065 1- Leasing Receivables - - 2- Unearned Leasing Interest Income (-) - - 3- Deposits and Guarantees Given 4.2,12 510.403 405.543 4- Other Receivables 4.2,12 1.094.030 1.340.522 5- Discount on Other Receivables (-) - - 6- Other Doubtful Receivables 4.2,12 832.788 754.788 7- Provisions for Other Doubtful Receivables (-) 4.2,12 (832.788) (754.788) F- Prepaid Expenses and Income Accruals 250.765.325 199.958.501 1- Deferred Commission Expenses 17 200.379.888 186.668.623 2- Accrued Interest and Rent Income - - 3- Income Accruals 4.2 20.892.868 12.380.768 4- Other Prepaid Expenses  4.2 29.492.569 909.110 G- Other Current Assets 12.161.384 7.095.926 1- Inventories 105.755 119.748 2- Prepaid Taxes and Funds 12, 19 11.092.252 6.312.824 3- Deferred Tax Assets - - 4- Job Advances 4.2,12 106.950 10.000 5- Advances Given to Personnel - - 6- Stock Count Differences - - 7- Other Current Assets 856.427 653.354 8- Provision for Other Current Assets (-) - - I- Total Current Assets 3.281.244.410 2.662.829.068 UNCONSOLIDATED BALANCE SHEET AS OF DECEMBER 31, 2020 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 92