MILLI_RE_ANNUAL REPORT 2022

Unconsolidated Balance Sheet As of December 31, 2022 LIABILITIES III- Short-Term Liabilities Note Audited Current Period December 31, 2022 Audited Prior Period December 31, 2021 A- Borrowings 20 30.126 3.234.894 1- Loans to Financial Institutions - - 2- Finance Lease Payables - - 3- Deferred Finance Lease Borrowing Costs (-) - - 4- Current Portion of Long-Term Borrowings - - 5- Principal, Installments and Interests on Issued Bills (Bonds) - - 6- Other Financial Assets Issued - - 7- Value Differences on Issued Financial Assets (-) - - 8- Other Financial Borrowings (Liabilities) 20 30.126 3.234.894 B- Payables From Main Operations 4.2,19 115.476.899 96.743.152 1- Payables Due to Insurance Operations - - 2- Payables Due to Reinsurance Operations 4.2,19 114.466.447 95.699.106 3- Cash Deposited by Insurance & Reinsurance Companies  4.2,19 1.010.452 1.044.046 4- Payables Due to Pension Operations - - 5- Payables from Other Operations - - 6- Rediscount on Other Payables From Main Operations (-) - - C- Due to Related Parties 4.2,19 419.272 156.141 1- Due to Shareholders 45 156.859 140.984 2- Due to Affiliates - - 3- Due to Subsidiaries - - 4- Due to Joint Ventures - - 5- Due to Personnel - - 6- Due to Other Related Parties 45 262.413 15.157 D- Other Payables 19 13.057.845 3.616.330 1- Deposits and Guarantees Received 19  - - 2- Due to SSI regarding Treatment Expenses - - 3- Other Payables 19,4.2 13.057.845 3.616.330 4- Discount on Other Payables (-) - - E- Insurance Technical Reserves 17 6.301.850.313 3.588.338.932 1- Unearned Premiums Reserve - Net 17 2.244.243.203 1.163.683.910 2- Unexpired Risk Reserves - Net 17 13.164.186 155.845.717 3- Mathematical Reserves - Net 17 - - 4- Outstanding Claims Reserve - Net 4.2,17 4.044.442.924 2.268.809.305 5- Provision for Bonus and Discounts - Net - - 6- Other Technical Reserves - Net - - F- Taxes and Other Liabilities and Relevant Provisions 4.2,19 6.317.060 81.489.082 1- Taxes and Dues Payable 19 5.951.043 3.838.323 2- Social Security Premiums Payable 19 366.017 221.967 3- Overdue, Deferred or By Installment Taxes and Other Liabilities - - 4- Other Taxes and Liabilities - - 5- Corporate Tax Liability Provision on Period Profit 19 - 128.897.591 6- Prepaid Taxes and Other Liabilities on Period Profit (-) 19 - (51.468.799) 7- Provisions for Other Taxes and Liabilities - - G- Provisions for Other Risks - - 1- Provision for Employment Termination Benefits - - 2- Pension Fund Deficit Provision - - 3- Provisions for Costs 23 - - H- Deferred Income and Expense Accruals 19 26.927.997 14.791.526 1- Deferred Commission Income 10,19 9.482.897 4.098.066 2- Expense Accruals 19 17.174.294 10.493.032 3- Other Deferred Income 19 270.806 200.428 I- Other Short-Term Liabilities - - 1- Deferred Tax Liability - - 2- Inventory Count Differences - - 3- Other Short-Term Liabilities - - III - Total Short-Term Liabilities 6.464.079.512 3.788.370.057 102 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. GENERAL INFORMATION FINANCIAL RIGHTS PROVIDED TO THE MEMBERS OF THE GOVERNING BODY AND SENIOR EXECUTIVES RESEARCH & DEVELOPMENT ACTIVITIES ACTIVITIES AND MAJOR DEVELOPMENTS RELATED TO ACTIVITIES