MILLIRE_2019_Annual Report

Milli Re Annual Report 2019 68 Company’s capital adequacy is calculated in accordance with the principles set out in the “Regulation on the Measurement and Evaluation of Capital Adequacy of Insurance, Reinsurance and Pension Companies” published in the Official Gazette issue 29454 dated 23 August 2015. According to the calculation based on the principles specified by the Regulation, Milli Re had a surplus of TL 1,403 million as at end of 2019. The Company has sufficient shareholders’ equity to cover liabilities that might result from its existing and potential risks. Capital Adequacy (TL million) 2019 2018 2017 Required Capital 581 467 385 Available Capital 1,985 1,546 1,367 Capital Adequacy Result 1,403 1,079 982 COMPANY CAPITAL