MILLIRE 2021 ANNUAL REPORT

NOTES TO THE UNCONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2021 Millî Reasürans Türk Anonim Şirketi (Currency: Turkish Lira (TL)) (Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish, See Note 2.1.1) Insurance risk concentrations The Company’s gross and net insurance risk concentrations (net of reinsurer share) in terms of insurance branches are summarized as below: Branches December 31, 2021 Gross total claims liability (*) Reinsurance share of total claims liability Net total claims liability Fire and natural disasters 695.978.879 (44.486.617) 651.492.262 General Losses 397.267.030 (2.923.222) 394.343.808 Land vehicles liability (MTPL) 56.596.265 (63.971) 56.532.294 General liabilities 49.718.568 (1.084.437) 48.634.131 Sea Vehicles 48.362.177 (5.189.333) 43.172.844 Financial Losses 40.051.236 (629) 40.050.607 Marine 40.246.375 (2.404.898) 37.841.477 Land Vehicles 16.993.052 243.720 17.236.772 Casualty 11.888.041 (53.731) 11.834.310 Life 11.946.157 (1.830.418) 10.115.739 Health 3.644.138 - 3.644.138 Fidelity Guarantees 728.278 (24.174) 704.104 Air Vehicles 343.741 - 343.741 Credit 82.433 - 82.433 Legal protection 2.460 - 2.460 Sea vehicles liabilities 75 - 75 Total 1.373.848.905 (57.817.710) 1.316.031.195 Branches December 31, 2020 Gross total claims liability (*) Reinsurance share of total claims liability Net total claims liability Fire and natural disasters 503.437.397 (39.421.972) 464.015.425 General Losses 298.887.494 (996.143) 297.891.351 Land vehicles liability (MTPL) 55.178.373 (27.799) 55.150.574 General liabilities 46.904.303 (1.435.196) 45.469.107 Sea Vehicles 47.471.332 (3.920.139) 43.551.193 Marine 32.433.852 (1.682.640) 30.751.212 Land vehicles 26.528.601 275.821 26.804.422 Financial Losses 17.110.270 - 17.110.270 Casualty 9.494.351 (127.322) 9.367.029 Life 11.471.676 (3.304.640) 8.167.036 Health 2.448.227 - 2.448.227 Fidelity Guarantees 895.433 820 896.253 Air Vehicles 432.724 - 432.724 Legal protection 872 - 872 Sea vehicles liabilities 150 - 150 Credit (10.018) - (10.018) Total 1.052.685.037 (50.639.210) 1.002.045.827 (*) Total claims liability includes outstanding claims reserve (paid). 126 MİLLÎ REASÜRANS ANNUAL REPORT 2021 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