MILLIRE 2021 ANNUAL REPORT

9 MİLLİ RE ANNUAL REPORT 2021 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 Compulsory reinsurance cessions to Milli Re on Quota Share basis were changed to Surplus basis. Miltaş 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. 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. Milli Re moved from its head office in İstanbul Sirkeci to its new office building constructed in Teşvikiye. Milli Re Art Gallery, a corporate gallery where art works by prominent local and foreign artists are exhibited, was opened. Singapore Branch, which plays an important role for Milli Re in international markets, was opened. Milli Re acquired an additional 35.53% stake in Anadolu Sigorta, another group company. Accordingly, Milli Re, Turkey’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. 1982 2007 1986 2010 1991 2021 1993 1994 In its 93 rd 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 7,183 million, shareholders’ equity amounted to TL 3,000 million and premium volume was TL 2,483 million.