MILLI_RE_ANNUAL REPORT 2022

Insurance risk concentrations The Company’s gross and net insurance risk concentrations (net of reinsurer share) in terms of insurance branches are summarized as below: Branches December 31, 2022 Gross total claims liability (*) Reinsurance share of total claims liability Net total claims liability Fire and natural disasters 1.362.849.696 (76.749.524) 1.286.100.172 General Losses 648.262.475 (7.079.230) 641.183.245 Sea Vehicles 131.776.401 (12.877.478) 118.898.923 Land vehicles liability (MTPL) 72.197.651 (74.132) 72.123.519 General liabilities 65.032.276 (853.158) 64.179.118 Marine 67.729.846 (3.586.418) 64.143.428 Accident 22.010.989 (293.148) 21.717.841 Land Vehicles 17.603.249 (58.876) 17.544.373 Financial Losses 17.412.281 (454.968) 16.957.313 Life 9.673.464 (381.331) 9.292.133 Fidelity Guarantees 3.952.035 (3.932) 3.948.103 Health 2.929.038 - 2.929.038 Air Vehicles 1.532.403 - 1.532.403 Credit 564.341 - 564.341 Legal protection 5.111 - 5.111 Sea vehicles liabilities 290 - 290 Total 2.423.531.546 (102.412.195) 2.321.119.351 Branches December 31, 2021 Gross total Reinsurance share of Net total claims liability (*) total claims liability claims liability Fire and natural disasters 695.978.879 (44.486.617) 651.492.262 General Losses 397.267.030 (2.923.222) 394.343.808 Land vehicles liability (MTPL) 56.596.265 (63.971) 56.532.294 General liabilities 49.718.568 (1.084.437) 48.634.131 Sea Vehicles 48.362.177 (5.189.333) 43.172.844 Financial Losses 40.051.236 (629) 40.050.607 Marine 40.246.375 (2.404.898) 37.841.477 Land Vehicles 16.993.052 243.720 17.236.772 Accident 11.888.041 (53.731) 11.834.310 Life 11.946.157 (1.830.418) 10.115.739 Health 3.644.138 - 3.644.138 Fidelity Guarantees 728.278 (24.174) 704.104 Air Vehicles 343.741 - 343.741 Credit 82.433 - 82.433 Legal protection 2.460 - 2.460 Sea vehicles liabilities 75 - 75 Total 1.373.848.905 (57.817.710) 1.316.031.195 (*) Total claims liability includes outstanding claims reserve (paid). Effects of the changes in assumptions used in the measurement of insurance assets and liabilities showing the effect of each change separately that has significant effect on financial statements In the current year, there are no material changes in the assumptions of measurement of insurance assets and liabilities. 135 MİLLİ RE 2022 ANNUAL REPORT Notes to the Unconsolidated Financial Statements As of December 31, 2022 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 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