MILLI RE 2023 ANNUAL REPORT

1993 Milli Re moved from its head office in Istanbul Sirkeci to its new office building constructed in Teşvikiye. 1994 Milli Re Art Gallery, a corporate gallery where art works by prominent local and foreign artists are exhibited, was opened. 1996 Milli Re Chamber Orchestra was established. The orchestra is made up of artists, most of whom also continue their solo music careers, and the orchestra performs with the participation of renowned local and international artists and conductors. 2000 Turkish Catastrophe Insurance Pool (TCIP), which was set up relevant the “Compulsory Earthquake Insurance” system established by the Undersecretariat of Turkish Treasury became operational under the management of Milli Re. 2001 Risk-based Compulsory Reinsurance System came to an end. 2005 Milli Re became the only active local reinsurance company in the Turkish market after the acquisition of Destek Reasürans T.A.Ş. 2006 Milli Re began to write business from international markets. Decree Pool was terminated. 2007 Singapore Branch, which plays an important role for Milli Re in international markets, was opened. 2010 Milli Re acquired an additional 35.53% stake in Anadolu Sigorta, another group company. Accordingly, Milli Re, Türkiye’s one and only active local reinsurer increased its share in the capital of Anadolu Sigorta to 57.31%, one of the largest and well-established insurance companies in the industry. 2022 In its 94 th year of operation, by bringing its technical knowledge gained in the Turkish market to international arena with the support of its strong capitalization, Milli Re’s paid-up capital was TL 660 million while assets reached TL 12,400 million, shareholders’ equity amounted to TL 5,056 million and premium volume was TL 4,808 million. 2023 Milli Re moved from its building in Teşvikiye to its new office in İş Towers, Levent as of July 10. In its 95 th year of operation, by bringing its technical knowledge gained in the Turkish market to international arena with the support of its strong capitalization, Milli Re’s paid-up capital was TL 660 million while assets reached TL 22,668 million, shareholders’ equity amounted to TL 10,128 million and premium volume was TL 9,925 million. GENERAL INFORMATION FINANCIAL RIGHTS PROVIDEDTOTHE MEMBERS OF THE GOVERNING BODY AND SENIOR EXECUTIVES ACTIVITIES AND MAJOR DEVELOPMENTS RELATED TO ACTIVITIES RESEARCH & DEVELOPMENT ACTIVITIES FINANCIAL STATUS FINANCIAL INFORMATION 9 2023 Annual Report RISKS AND ASSESSMENT OF THE GOVERNING BODY