MILLI_RE_ANNUAL REPORT 2022

In 2022, Milli Re generated TL 323.6 million profit on its technical operations despite the negative impact of increased claim costs due to depreciation of the Turkish lira against foreign currencies, with the contribution of the augmented premium income, currency difference and evaluation income that grew because of currency movements, and transfers from the nontechnical division. Technical Profitability (TL) Line of Business 2022 2021 2020 Accident 38,912,914 26,184,601 16,685,999 Health (71,841) 3,435,187 18,907,237 Land Vehicles 5,059,176 680,947 1,675,359 Railway Vehicles - - - Air Vehicles (3,549,376) 5,719,487 937,843 Sea Vehicles (59,494,441) 18,439,783 (9,088,680) Marine 190,151,565 58,355,638 23,772,585 Fire & Natural Disasters 206,951,272 476,855,109 229,434,666 General Damages (156,759,270) (258,848,290) (88,032,362) Land Vehicles Liability 1,713,313 (59,808,604) (31,938,298) Air Vehicles Liability - - - Sea Vehicles Liability (535,632) (34,808) (85,492) General Liability 173,161,743 (25,506,958) (59,302,976) Credit 2,128,338 2,282,662 (426,313) Fidelity Guarantee (18,232,592) (3,890,694) (740,583) Financial Losses (62,919,981) (19,838,432) (42,944,706) Legal Protection 1,011,608 530,878 479,235 Total Non-life 317,526,796 224,556,506 59,333,514 Life 6,092,590 (3,402,392) 3,142,208 Total 323,619,386 221,154,114 62,475,722 2022 Technical Results ACTIVITIES AND MAJOR DEVELOPMENTS RELATED TO ACTIVITIES GENERAL INFORMATION FINANCIAL RIGHTS PROVIDED TO THE MEMBERS OF THE GOVERNING BODY AND SENIOR EXECUTIVES RESEARCH & DEVELOPMENT ACTIVITIES 76 MİLLİ RE 2022 ANNUAL REPORT