MILLI_RE_ANNUAL REPORT 2022

Unconsolidated Balance Sheet As of December 31, 2022 ASSETS II- Non-Current Assets Note Audited Current Period December 31, 2022 Audited Prior Period December 31, 2021 A- Receivables From Main Operations 211.913.101 125.776.087 1- Receivables From Insurance Operations - - 2- Provision for Receivables From Insurance Operations (-) - - 3- Receivables From Reinsurance Operations 4.2,12 108.746.186 42.780.881 4- Provision for Receivables From Reinsurance Operations (-) - - 5- Cash Deposited for Insurance & Reinsurance Companies 4.2,12 103.166.915 82.995.206 6- Loans to Policyholders - - 7- Provision for Loans to Policyholders (-) - - 8- Receivables From Pension Operations - - 9- Doubtful Receivables from Main Operations 4.2,12 78.486.484 63.257.777 10-Provision for Doubtful Receivables from Main Operations 4.2,12 (78.486.484) (63.257.777) B- 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- Discount on Receivables Due from Related Parties (-) - - 8- Doubtful Receivables Due from Related Parties - - 9- Provisions for Doubtful Receivables Due from Related Parties (-) - - C- Other Receivables - - 1- Leasing Receivables - - 2- Unearned Leasing Interest Income (-) - - 3- Deposits and Guarantees Given - - 4- Other Receivables - - 5- Discount on Other Receivables (-) - - 6- Other Doubtful Receivables - - 7- Provisions for Other Doubtful Receivables (-) - - D- Financial Assets 4.2,9 2.765.317.808 1.483.357.768 1- Investments In Associates - - 2- Affiliates 4.2,9  431.889.372 234.810.535 3- Capital Commitments to Affiliates (-) - - 4- Subsidiaries 4.2,9 2.333.428.436 1.248.547.233 5- Capital Commitments to Subsidiaries (-) - - 6- Joint Ventures - - 7- Capital Commitments to Joint Ventures (-) - - 8- Financial Assets and Investments with Risks on Policy Holders - - 9- Other Financial Assets - - 10- Diminution in Value of Financial Assets (-) - - E- Tangible Fixed Assets 6 2.425.018.939 799.046.167 1- Investment Properties 6,7 1.650.131.000 549.896.000 2- Diminution in Value for Investment Properties (-) - - 3- Building for own use 6 744.475.000 234.955.000 4- Machinery and Equipments - - 5- Furnitures and Fixtures 6 29.953.528 12.573.415 6- Vehicles 6 3.360.121 3.234.751 7- Other Tangible Assets (Including Leasehold Improvements) - - 8- Leased Tangible Fixed Assets 6  9.441.382 6.637.769 9- Accumulated Depreciation (-) 6 (23.786.977) (14.174.798) 10- Advances Paid for Tangible Fixed Assets (Including Construction In Progresses) 11.444.885 5.924.030 F- Intangible Fixed Assets 8 24.866.451 30.741.665 1- Rights 8 56.102.890 49.916.464 2- Goodwill - - 3- Establishment Costs - - 4- Research and Development Expenses - - 6- Other Intangible Assets - - 7- Accumulated Amortizations (-) 8 (47.345.521) (31.644.076) 8- Advances Regarding Intangible Assets 8 16.109.082 12.469.277 G- Prepaid Expenses and Income Accruals 782.571 20.493 1- Deferred Commission Expenses - - 2- Accrued Interest and Rent Income - - 3- Other Prepaid Expenses 782.571 20.493 H- Other Non-current Assets - 15.136.149 1- Effective Foreign Currency Accounts - - 2- Foreign Currency Accounts - - 3- Inventories - - 4- Prepaid Taxes and Funds - - 5- Deferred Tax Assets - 15.136.149 6- Other Non-current Assets - - 7- Other Non-current Assets Amortization (-) - - 8- Provision for Other Non-current Assets (-) - - II- Total Non-current Assets 5.427.898.870 2.454.078.329 TOTAL ASSETS 12.400.448.277 7.183.128.434 101 MİLLİ RE 2022 ANNUAL REPORT Millî Reasürans Türk Anonim Şirketi (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. 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 FINANCIAL STATUS