MILLI_RE_ANNUAL REPORT 2022

Key Ratios (%) 2022 2021 2020 1, Capital Adequacy Ratios  Gross Premiums/Shareholders’ Equity 119 88 76  Shareholders’ Equity/Total Assets 32 39 43  Shareholders’ Equity/Net Technical Provisions 60 74 89 2, Asset Quality and Liquidity Ratios  Liquid Assets/Total Assets 44 54 50  Liquidity Ratio 131 157 161  Current Ratio 101 119 124  Premium and Reinsurance Receivables/Total Assets 8 9 8 3, Operational Ratios  Retention Ratio 85 87 87  Paid Claims/Paid Claims+Outstanding Claims 37 37 38 4, Profitability Ratios Gross Loss Ratio 114 95 76 Expense Ratio 21 25 27 Combined Ratio 135 120 103 Net Loss Ratio 135 108 86 Expense Ratio 25 28 31 Combined Ratio 160 136 117 Profit Before Tax/Gross Written Premiums 18 27 21 Gross Financial Profit/ Gross Written Premiums 12 18 17 Technical Profit/Gross Written Premiums 6 9 4 Profit Before Tax/Average Total Assets 7 9 7 Profit Before Tax/Average Shareholders’ Equity (Excluding Profit) 27 29 18 Key Figures 2022 2021 2020 2019 2018 Gross Premiums 4,808,430,037 2,482,605,065 1,820,275,306 1,658,819,927 1,320,177,533 Technical Division Balance 323,619,386 221,154,114 62,475,722 85,063,787 100,660,204 Investment Income 3,067,317,755 1,353,558,990 685,087,147 661,184,678 644,537,098 Investment Expenses (2,251,785,865) (865,902,058) (368,475,610) (403,360,732) (425,812,893) Other Income and Expenses (250,531,510) (30,947,807) (1,457,582) 6,850,022 (13,488,014) Gross Profit/Loss for the Period 888,619,766 677,863,239 377,629,677 349,737,755 305,896,395 Taxation 0 (128,897,591) (29,030,769) (37,227,141) (27,682,983) Profit/Loss for the Period 888,619,766 548,965,648 348,598,908 312,510,614 278,213,412 Shareholders’ Equity 5,055,935,662 3,000,422,620 2,638,633,525 2,135,840,889 1,736,300,262 Total Assets 12,400,448,277 7,183,128,434 5,506,298,142 4,531,965,239 3,378,241,986 FINANCIAL STATUS 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 73 MİLLİ RE 2022 ANNUAL REPORT