MILLIRE 2021 ANNUAL REPORT

NOTES TO THE UNCONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2021 Millî Reasürans Türk Anonim Şirketi (Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish, See Note 2.1.1) (Currency: Turkish Lira (TL)) December 31, 2021 December 31, 2020 Türkiye Sigorta A.Ş (Güneş Sigorta A.Ş) 5.702.820 1.065.031 Anadolu Sigorta 2.830.084 1.884.177 Hdi Sigorta A.Ş. 117.039 231.437 Halk Sigorta A.Ş.(Türkiye Sigorta A.Ş) 106.919 234.255 Anadolu Hayat Emeklilik A.Ş. 57.467 6.893 Groupama Sigorta A.Ş. 35.676 1.637.379 Axa Sigorta A.Ş. 29.316 474.276 Güven Sigorta T.A.Ş. 22.629 40.214 Liberty Sigorta A.Ş.(Hdi Sigorta A.Ş.) 18.960 39.013 Allianz Sigorta A.Ş. 9.530 20.090 İstanbul Umum A.Ş. 6.605 12.520 Ziraat Sigorta A.Ş.(Türkiye Sigorta A.Ş) - 305.939 Ergo Sigorta A.Ş. (Hdi Sigorta A.Ş.) (7.237) 20.114 Other income 8.929.808 5.971.338 Türkiye Sigorta A.Ş (Güneş Sigorta A.Ş) 2.564.763 334.244 Ergo Sigorta A.Ş. (Hdi Sigorta A.Ş.) 1.601.362 909.782 Allianz Sigorta A.Ş. 1.480.960 575.098 Axa Sigorta A.Ş. 1.255.485 931.864 Anadolu Sigorta 452.721 320.368 Halk Sigorta A.Ş.(Türkiye Sigorta A.Ş) 212.818 178.306 Hdi Sigorta A.Ş. 157.440 1.956 Anadolu Hayat Emeklilik A.Ş. 135.227 5.913 Groupama Sigorta A.Ş. 27.618 80.987 Güven Sigorta T.A.Ş. 1.538 32.613 Liberty Sigorta A.Ş.(Hdi Sigorta A.Ş.) 765 28.764 İstanbul Umum A.Ş. 37 7.963 Ziraat Sigorta A.Ş.(Türkiye Sigorta A.Ş) - 8.321 Other expenses 7.890.734 3.416.179 46 Subsequent events With the “Law Amending the Tax Procedure Law and the Corporate Tax Law” published on January 29, 2022, the companies that convert their foreign currencies or various gold resources into Turkish Lira and use the Turkish Lira assets thus obtained in deposits and participation accounts with a maturity of at least three months, interest, profit share and other incomes are exempted from corporate tax. Company, on February 24, 2022, he made a foreign exchange protected deposit with a maturity of 181 days from İşbank, amounting to TL 71.789.000. The amount of tax exemption that will occur within the scope of the said regulation has not been clarified yet. Changes made in tax laws after the reporting date are within the scope of “non-adjusting event after the reporting period” in accordance with IAS 10, and the period tax expense of the enterprise has been calculated without considering this Law amendment.. 161 MİLLÎ REASÜRANS 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