MILLI_RE_ANNUAL REPORT 2022

Liquidity risk Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset as a result of the imbalance between the Company’s cash inflows and outflows in terms of maturity and volume. The Company’s approach to managing liquidity is to ensure, as far as possible, that it will always have sufficient liquidity to meet its liabilities . In respect of this risk, which is measured by quantitative methods, any liquidity deficit is observed via the maturity analysis of assets and liabilities in the statement of balance sheet. Furthermore, liquidity structure of the Company is monitored by using the following basic indicators in respect of liquidity ratios: • Liquid Assets/Total Assets • Liquidity Ratio • Current Ratio • Premium and Reinsurance Receivables/Total Assets The results evaluated by the Risk Committee and reported regularly to the Board of Directors. Action plan is determined by the Board of Directors in the case of having exposure higher than acceptable level of risk and probability. Management of the liquidity risk The Company considers the maturity match between asset and liabilities for the purpose of avoiding liquidity risk and ensure that it will always have sufficient liquidity to meet its liabilities when due . Maturity distribution of monetary assets and liabilities: December 31, 2022 Carrying amount Up to 1 month 1 to 3 months 3 to 6 months 6 to 12 months 1 year and up Unallocated Cash and cash equivalents 1.690.343.554 1.392.132.765 107.552.357 136.764.533 53.893.899 - - Financial assets (*) 3.503.467.362 1.041.406.799 97.762.778 235.015.945 360.670.321 1.768.611.519 - Receivables from main operations 1.023.493.863 418.297.254 181.790.742 67.230.676 144.262.090 211.913.101 - Other receivables and current assets 112.120.907 94.368.824 - - 16.969.512 782.571 - Total monetary assets 6.329.425.686 2.946.205.642 387.105.877 439.011.154 575.795.822 1.981.307.191 - Financial liabilities and other liabilities 13.184.105 13.060.416 5.107 7.579 14.870 96.133 - Payables arising from main operations 157.282.930 106.142.259 7.313.889 1.886.585 134.165 41.806.032 - Due to related parties 419.272 419.272 - - - - - Insurance technical reserves (**) 4.044.442.924 - - - - - 4.044.442.924 Provisions for taxes and other similar obligations 6.317.060 6.317.060 - - - - - Provisions for other risks and expense accruals 282.990.272 9.806.251 7.368.043 - - - 265.815.978 Total monetary liabilities 4.504.636.563 135.745.258 14.687.039 1.894.164 149.035 41.902.165 4.310.258.902 (*) Equity shares amounting to TL 310.494.807 are not included. (**) Provision for outstanding claims in insurance technical provisions shown net. 138 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 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