MILLIRE 2021 ANNUAL REPORT

(Currency: Turkish Lira (TL)) (Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish, See Note 2.1.1) The accompanying notes are an integral part of these unconsolidated financial statements. Millî Reasürans Türk Anonim Şirketi ASSETS I- Current Assets Note Audited Current Period December 31, 2021 Audited Prior Period December 31, 2020 A- Cash and Cash Equivalents 4.2,14 1.940.023.286 1.592.117.064 1- Cash 4.2,14 21.528 21.439 2- Cheques Received 4.2,14 - 400.138 3- Banks 4.2,14 1.940.001.758 1.591.695.487 4- Cheques Given and Payment Orders (-) - - 5- Receivables From Credit Cards with Bank Guarantee Due Less Than Three Months - - 6- Other Cash and Cash Equivalents - - B- Financial Assets and Investments with Risks on Policy Holders 11 1.924.014.791 1.158.954.397 1- Financial Assets Available for Sale 11 1.686.966.206 975.166.126 2- Financial Assets Held to Maturity - - 3- Financial Assets Held for Trading  11 244.003.125 190.742.811 4- Loans - - 5- Provision for Loans (-) - - 6- Investments with Risks on Policy Holders - - 7- Equity Shares - - 8- Impairment in Value of Financial Assets (-) 11 (6.954.540) (6.954.540) C- Receivables From Main Operations 4.2,12 514.613.495 265.641.807 1- Receivables From Insurance Operations - - 2- Provision for Receivables From Insurance Operations (-) - - 3- Receivables From Reinsurance Operations 4.2,12 316.410.641 174.596.149 4- Provision for Receivables From Reinsurance Operations (-) - - 5- Cash Deposited For Insurance & Reinsurance Companies 4.2,12 198.202.854 91.045.658 6- Loans to Policyholders - - 7- Provision for Loans to Policyholders (-) - - 8- Receivables from Pension Operation - - 9- Doubtful Receivables From Main Operations - - 10-Provisions for Doubtful Receivables From Main Operations (-) - - D- Due from Related Parties - - 1- Due from Shareholders - - 2- Due from Affiliates - - 3- Due from Subsidiaries - - 4- Due from Joint Ventures - - 5- Due from Personnel - - 6- Due from Other Related Parties - - 7- Rediscount on Receivables Due from Related Parties (-) - - 8- Doubtful Receivables Due from Related Parties - - 9- Provisions for Doubtful Receivables Due from Related Parties (-) - - E- Other Receivables 4.2,12 1.908.875 1.604.433 1- Leasing Receivables - - 2- Unearned Leasing Interest Income (-) - - 3- Deposits and Guarantees Given 4.2,12 885.596 510.403 4- Other Receivables 4.2,12 1.023.279 1.094.030 5- Discount on Other Receivables (-) - - 6- Other Doubtful Receivables 4.2,12 1.061.329 832.788 7- Provisions for Other Doubtful Receivables (-) 4.2,12 (1.061.329) (832.788) F- Prepaid Expenses and Income Accruals 343.164.854 250.765.325 1- Deferred Commission Expenses 17 281.625.876 200.379.888 2- Accrued Interest and Rent Income - - 3- Income Accruals 4.2 20.728.018 20.892.868 4- Other Prepaid Expenses  4.2 40.810.960 29.492.569 G- Other Current Assets 5.324.804 12.161.384 1- Inventories 107.777 105.755 2- Prepaid Taxes and Funds 12, 19 - 11.092.252 3- Deferred Tax Assets - - 4- Job Advances 4.2,12 3.037.253 106.950 5- Advances Given to Personnel - - 6- Stock Count Differences - - 7- Other Current Assets 2.179.774 856.427 8- Provision for Other Current Assets (-) - - I- Total Current Assets 4.729.050.105 3.281.244.410 UNCONSOLIDATED BALANCE SHEET AS OF DECEMBER 31, 2021 90 MİLLÎ REASÜRANS ANNUAL REPORT 2021 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