MILLI_RE_ANNUAL REPORT 2022

December 31, 2021 Level 1 Level 2 Level 3 Total Financial assets: Held for trading financial assets (Note 11) 244.003.125 - - 244.003.125 Available for sale financial assets (Note 11) (*) 1.679.920.174 - - 1.679.920.174 Associates (Note 9) - 234.810.535 - 234.810.535 Subsidiaries (Note 9) - 1.248.547.233 - 1.248.547.233 Total financial assets 1.923.923.299 1.483.357.768 - 3.407.281.067 Tangible assets: Investment properties (Note 6) - 549.896.000 - 549.896.000 Owner Occupied Properties (Note 6) - 234.955.000 - 234.955.000 Total tangible assets - 784.851.000 - 784.851.000 Total 1.923.923.299 2.268.208.768 - 4.192.132.067 (*) As of December 31, 2022, securities that are not publicly traded amounting to TL 91.492 have been measured at cost. Equity share price risk Equity share price risk is defined as the risk of decreasing the market price of equity shares as a result of a decline in index. The effect of changes in fair values of the associates and the available-for-sale financial assets on equity that is resulted from the fluctuations on index (all of the other variables are assumed to be fixed) are as follows As of December 31, 2022 and 2021: Change in index December 31, 2022 December 31,2021 Market price of equity 10% 31.040.332 10.437.458 143 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