MILLI RE 2023 ANNUAL REPORT

MILESTONES MAINTAINING ITS POSITION AS THE LEADER OF THE SECTOR WITH ITS YEARS OF BUSINESS EXPERIENCE, SOLID FINANCIAL STRUCTURE, AND SUCCESSFUL OPERATIONAL PERFORMANCE, MİLLİ RE CONTINUES TO OFFER REINSURANCE CAPACITY TO LOCAL AND INTERNATIONAL MARKETS. 1929 Milli Re was founded by İşbank with a capital of TL 1,000,000 to operate the compulsory reinsurance system. 1963 The management of “Turkish Reinsurance Pool”, established to write international business, was handed over to Milli Re in accordance with the agreement signed with Turkish insurance companies. 1967 The management of “RCD Reinsurance Pool”, established under the agreement of “Cooperation for Regional Development” between Türkiye, Iran and Pakistan, was handed over to Milli Re. 1970 The management of the system known as “Decree Pool”, established according to Decree no. 17 set out by the Ministry of Finance on the Protection of the Value of Turkish Currency was handed over to Milli Re. “Türk Sigorta Enstitüsü Vakfı” (Turkish Insurance Institute Foundation) was established by Milli Re and the Association of the Insurance and Reinsurance Companies of Türkiye. 1974 The management of “FAIR Reinsurance Pool” established by the Federation of Afro-Asian Insurers & Reinsurers (FAIR) was handed over to Milli Re. 1982 Compulsory reinsurance cessions to Milli Re on Quota Share basis were changed to Surplus basis. 1986 MİLTAŞ Sports Complex, which hosts the traditional “International Insurers Tennis Tournament” organization was built by Milli Re and was brought into the service of the market. 1991 Milli Re began to offer conventional reinsurance capacity through reinsurance treaties apart from “Compulsory Cessions” and “Decree Pool”. First issue of “Reasürör” magazine was published. The magazine is a reference source with full academic content on re/insurance, including compilations, translations, interviews, and statistical data on various lines. 8 MİLLİ RE