MILLIRE 2021 ANNUAL REPORT

(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. (Currency: Turkish Lira (TL)) Millî Reasürans Türk Anonim Şirketi II- NON-TECHNICAL SECTION Note Audited Current Period December 31, 2021 Audited Prior Period December 31, 2020 C- Non-Life Technical Profit (A-B) 224.556.505 59.333.514 F- Life Technical Profit (D-E) (3.402.391) 3.142.208 I - Individual Retirement Technical Profit (G-H) - - J- Total Technical Profit (C+F+I) 221.154.114 62.475.722 K- Investment Income 1.353.558.990 685.087.147 1- Income From Financial Investment 4.2 395.751.183 155.278.239 2- Income from Sales of Financial Investments 4.2 38.571.294 48.320.501 3- Revaluation of Financial Investments 4.2 34.046.169 27.971.300 4- Foreign Exchange Gains 4.2 423.659.936 94.862.946 5- Income from Affiliates 4.2 87.218.513 65.656.632 6- Income from Subsidiaries and Joint Ventures 4.2 257.964.520 231.971.961 7- Income Received from Land and Building 7 116.346.333 60.771.090 8- Income from Derivatives 4.2 - - 9- Other Investments 1.042 254.478 10- Investment Income transferred from Life Technical Part - - L- Investment Expenses (-) (865.902.058) (368.475.610) 1- Investment Management Expenses (including interest) (-) 4.2 (53.257) (78.988) 2- Valuation Allowance of Investments (-) - - 3- Losses On Sales of Investments (-) 4.2 (498.511) (1.586.173) 4- Investment Income Transferred to Non-Life Technical Part (-) (795.304.266) (316.455.994) 5- Losses from Derivatives (-) - - 6- Foreign Exchange Losses (-) 4.2 (23.195.899) (20.493.502) 7- Depreciation Expenses (-) 6,8 (19.469.027) (16.136.886) 8- Other Investment Expenses (-) (27.381.098) (13.724.067) M- Other Income and Expenses (+/-) (30.947.807) (1.457.582) 1- Provisions Account (+/-) 47 (62.599.328) (21.990.214) 2- Discount account (+/-) 47 (1.091.600) 495.757 3- Mandatory Earthquake Insurance Account (+/-) - - 4- Inflation Adjustment Account (+/-) - - 5- Deferred Tax Asset Accounts (+/-) 21,35 23.899.257 7.274.347 6- Deferred Tax Expense Accounts (-) - - 7- Other Income and Revenues 8.945.526 12.788.554 8- Other Expense and Losses (-) (101.662) (26.026) 9- Prior Period Income - - 10- Prior Period Losses (-) - - N- Net Profit/(Loss) 548.965.648 348.598.908 1- Profit/(Loss) Before Tax 677.863.239 377.629.677 2- Corporate Tax Liability Provision (-) 35 (128.897.591) (29.030.769) 3- Net Profit (Loss) 548.965.648 348.598.908 4- Inflation Adjustment Account - - UNCONSOLIDATED STATEMENT OF INCOME FOR THE YEAR ENDED DECEMBER 31, 2021 97 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