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 68 MİLLİ RE ANNUAL REPORT 2021 2021 TECHNICAL RESULTS In 2021, Milli Re generated TL 221.2 million profit on its technical operations despite the negative impact of increased claim costs due to depreciation of the Turkish lira against foreign currencies, with the contribution of the augmented premium income, currency difference and evaluation income that grew because of currency movements, and transfers from the non- technical division. Technical Profitability (TL) Line of Business 2021 2020 2019 Accident 26,184,601 16,685,999 19,270,398 Health 3,435,187 18,907,237 (23,654,163) Land Vehicles 680,947 1,675,359 (2,082,930) Railway Vehicles - - - Air Vehicles 5,719,487 937,843 822,139 Sea Vehicles 18,439,783 (9,088,680) (13,176,073) Marine 58,355,638 23,772,585 21,999,869 Fire & Natural Disasters 476,855,109 229,434,666 110,252,677 General Damages (258,848,290) (88,032,362) (4,986,851) Land Vehicles Liability (59,808,604) (31,938,298) (8,741,515) Air Vehicles Liability - - - Sea Vehicles Liability (34,808) (85,492) 729,938 General Liability (25,506,958) (59,302,976) 5,898,370 Credit 2,282,662 (426,313) (29,278) Fidelity Guarantee (3,890,694) (740,583) (205,730) Financial Losses (19,838,432) (42,944,706) (25,064,359) Legal Protection 530,878 479,235 418,611 Total Non-life 224,556,506 59,333,514 81,451,103 Life (3,402,392) 3,142,208 3,612,684 Total 221,154,114 62,475,722 85,063,787