MILLIRE 2021 ANNUAL REPORT

FINANCIAL STATUS 51 MİLLİ RE ANNUAL REPORT 2021 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 Local Premium by Lines of Business Share (%) Fire 56 Engineering 20 Marine 9 General Liability 5 Agriculture 5 Land Vehicles Liability 2 Other * 2 Personal Accident 1 Total 100 * Credit, Legal Protection, Air Vehicles, Plate Glass, Air Vehicles Liability, Fidelity Guarantee Gross premium income from local operations grew by 38% annually, mainly driven by Property, Engineering and Marine. Because of high exchange and inflation rates, increased retrocession costs reflecting escalated exchange rates and premium adjustments for 2020 programs, and the upturn in the frequency and severity of various losses in Property, Engineering, and Marine, the technical division generated loss. With the contribution of net transfers from non-technical income, a technical profit of TL 248.2 million was derived on our local portfolio. 2019 2018 2017 1,061 911 818 2020 1,335 2021 1,843 OUR GROSS PREMIUM INCOME GREW BY 38% OVER THE PREVIOUS YEAR. Local Portfolio 2021 2020 2019 2018 2017 Premium (TL) 1,843,120,056 1,335,217,811 1,060,777,933 911,044,062 818,143,937 Share in Total Premium (%) 74.2 73.4 63.9 69.0 75.4 74.2% Share in Total Premium PREMIUM (LOCAL PORTFOLIO) (TL MILLION)