MILLIRE 2021 ANNUAL REPORT

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 62 MİLLİ RE ANNUAL REPORT 2021 FINANCIAL STRENGTH, PROFITABILITY AND SOLVENCY Milli Re’s premium production reached TL 2,483 million increasing by 36%, while paid losses amounted to approximately TL 1,374 million. The Company booked a net profit of TL 549 million in 2021. The Company’s Liquid Assets correspond to 54% of Total Assets. Owing to its strong and balanced maturity distribution of invested assets, Milli Re fulfilled all of its legal and commercial obligations. Details on technical results are presented in the “2021 Technical Results” section. Financial Results (TL million) 2021 2020 Change (%) Total Assets 7,183 5,506 30.45 Shareholders’ Equity 3,000 2,639 13.71 Technical Income 3,011 1,974 52.47 Technical Profit/Loss 221 62 253.98 Financial Income 1,354 685 97.57 Financial Profit/Loss 328 286 14.57 Net Period Profit/Loss 549 349 57.48 MİLLİ RE’S PREMIUM PRODUCTION REACHED TL 2,483 MILLION INCREASING BY 36%, WHILE PAID LOSSES AMOUNTED TO APPROXIMATELY TL 1,374 MILLION. THE COMPANY BOOKED A NET PROFIT OF TL 549 MILLION IN 2021.