MILLI_RE_ANNUAL REPORT 2022

Unconsolidated Statement of Cash Flows For the Year Ended December 31, 2022 Note Audited Current Period 1 January- December 31, 2022 Audited Prior Period 1 January- December 31, 2021 A - Cash flows from operating activities 1- Cash provided from insurance activities - - 2- Cash provided from reinsurance activities 5.476.848.498 3.143.349.688 3- Cash provided from individual pension business - - 4- Cash used in insurance activities - - 5- Cash used in reinsurance activities (5.089.102.503) (2.811.251.277) 6- Cash used in individual pension business - - 7- Cash provided by operating activities 387.745.995 332.098.411 8- Interest paid - - 9- Income taxes paid (90.448.188) (51.468.799) 10- Other cash inflows 770.069.425 125.557.276 11- Other cash outflows (212.660.805) (103.180.281) 12-Net cash provided by operating activities 854.706.427 303.006.607 B - Cash flows from investing activities - - 1- Proceeds from disposal of tangible assets 2.745.448 1.115 2- Acquisition of tangible assets 6, 8 (32.149.978) (22.601.574) 3- Acquisition of financial assets 11 (4.229.235.350) (1.654.642.870) 4- Proceeds from disposal of financial assets 11 3.212.711.655 1.400.667.377 5- Interests received 465.876.056 417.115.634 6- Dividends received 4.523.658 96.694.326 7- Other cash inflows 1.573.553.584 543.242.206 8- Other cash outflows (2.819.119.379) (1.038.865.468) 9- Net cash provided by investing activities (1.821.094.306) (258.389.254) C- Cash flows from financing activities - - 1- Equity shares issued - - 2- Cash provided from loans and borrowings - - 3- Finance lease payments - - 4- Dividends paid 2.23 (47.984.125) (42.986.569) 5- Other cash inflows - - 6- Other cash outflows - - 7- Net cash used in financing activities (47.984.125) (42.986.569) D- Effect of exchange rate fluctuations on cash and cash equivalents 621.132.758 330.118.121 E- Net increase in cash and cash equivalents (393.239.246) 331.748.905 F- Cash and cash equivalents at the beginning of the year 14 1.768.393.399 1.436.644.494 G- Cash and cash equivalents at the end of the year 14 1.375.154.153 1.768.393.399 110 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