MILLI_RE_ANNUAL REPORT 2022

Unconsolidated Balance Sheet As of December 31, 2022 LIABILITIES IV- Long-Term Liabilities Note Audited Current Period December 31, 2022 Audited Prior Period December 31, 2021 A- Borrowings 96.133 - 1- Loans to Financial Institutions - - 2- Finance Lease Payables - - 3- Deferred Finance Lease Borrowing Costs (-) - - 4- Bonds Issued - - 5- Other Issued Financial Assets - - 6- Value Differences on Issued Financial Assets (-) - - 7- Other Financial Borrowings (Liabilities) 96.133 - B- Payables From Main Operations 41.806.032 30.490.157 1- Payables Due to Insurance Operations - - 2- Payables Due to Reinsurance Operations 4.2,19 41.784.665 30.490.157 3- Cash Deposited by Insurance & Reinsurance Companies 21.367 - 4- Payables Due to Pension Operations - - 5- Payables from Other Operations - - 6- Discount on Other Payables From Main Operations (-) - - C- Due to Related Parties - - 1- Due to Shareholders - - 2- Due to Affiliates - - 3- Due to Subsidiaries - - 4- Due to Joint Ventures - - 5- Due to Personnel - - 6- Due to Other Related Parties - - D- Other Payables - - 1- Deposits and Guarantees Received - - 2- Due to SSI regarding Treatment Expenses - - 3- Other Payables - - 4- Discount on Other Payables (-) - - E- Insurance Technical Reserves 17 405.400.733 245.855.051 1- Unearned Premiums Reserve - Net - - 2- Unexpired Risk Reserves - Net - - 3- Mathematical Reserves - Net - - 4- Outstanding Claims Reserve - Net - - 5- Provision for Bonus and Discounts - Net - - 6- Other Technical Reserves - Net 17 405.400.733 245.855.051 F- Other Liabilities and Provisions - - 1- Other Liabilities - - 2- Overdue, Deferred or By Installment Other Liabilities - - 3- Other Liabilities and Expense Accruals - - G- Provisions for Other Risks 4.2,23 265.815.978 117.990.549 1- Provision for Employment Termination Benefits 4.2,23 30.548.796 14.992.038 2- Provisions for Employee Pension Fund Deficits 4.2,22,23 235.267.182 102.998.511 H- Deferred Income and Expense Accruals 19 - - 1- Deferred Commission Income - - 2- Expense Accruals - - 3- Other Deferred Income - - I- Other Long-Term Liabilities 21 167.314.226 - 1- Deferred Tax Liability 21 167.314.226 - 2- Other Long-Term Liabilities - - IV- Total Long-Term Liabilities 880.433.102 394.335.757 103 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