MILLIRE 2021 ANNUAL REPORT

NOTES TO THE CONSOLIDATED 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)) 12 Loans and receivables December 31, 2021 December 31, 2020 Receivables from main operations (Note 4.2) 4.294.808.607 2.737.409.366 Prepaid taxes and funds (Note 19), (Note 4.2) 27.518.720 23.269.996 Income accruals ( Note 4.2) 169.041.598 209.572.327 Other receivables (Note 4.2) 58.682.491 44.338.424 Other current assets (Note 4.2) 3.037.253 211.124 Total 4.553.088.669 3.014.801.237 Short-term receivables 4.426.988.027 2.850.540.383 Medium and long-term receivables 126.100.642 164.260.853 Total 4.553.088.669 3.014.801.236 As at December 31, 2021 and 2020, receivables from main operations are detailed as follows: December 31, 2021 December 31, 2020 Receivables from insurance companies 197.350.065 147.013.858 Receivables from reinsurance companies (Note 10) 467.249.577 261.679.932 Receivables from agencies, brokers and intermediaries 109.364.567 72.411.442 Total receivables from reinsurance operations, net 773.964.209 481.105.232 Receivables from agencies, brokers and other intermediaries 2.178.274.951 1.379.824.798 Receivables from insurance and reinsurance companies 430.432.842 66.508.000 Long term receivable which is bank guarantee and three months credit card 42.690.388 323.669.240 Salvage and subrogation receivables (Note 2.21) 142.555.437 88.399.103 Receivables from policyholders 133.135.883 25.449.268 Total receivables from insurance operations, net 2.927.089.501 1.883.850.409 Cash deposited to insurance and reinsurance companies (Note 4.2) 631.657.233 397.198.168 Provisions for receivables from insurance operations - subrogation receivables (Note 2.21) (37.902.336) (24.744.443) Doubtful receivables from main operations - premium receivables 102.222.152 72.007.562 Provision for doubtful receivables from main operations - premium receivables (102.222.152) (72.007.562) Doubtful receivables from insurance operations - subrogation receivables 512.028.247 416.224.077 Provisions for doubtful receivables from insurance operations - subrogation receivables (512.028.247) (416.224.077) Receivables from main operations 4.294.808.607 2.737.409.366 As of December 31, 2021, and 2020, mortgages and collaterals obtained for receivables are disclosed as follows: December 31, 2021 December 31, 2020 Mortgage notes 99.845.138 96.436.638 Letters of guarantees 162.734.100 135.183.316 Other guarantees 131.947.292 85.078.544 Government bonds and treasury bills 73.656 2.873.656 Total 394.600.186 319.572.154 233 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