MILLI RE 2023 ANNUAL REPORT

FINANCIAL STRENGTH, PROFITABILITY AND SOLVENCY IN 2023, MİLLİ RE’S PREMIUM PRODUCTION REACHED TL 9,925 MILLION INCREASING BY 106% WHILE NET PROFIT AMOUNTED TO TL 3,629 MILLION. Milli Re’s premium production reached TL 9,925 million increasing by 106%, while paid losses amounted to approximately TL 12,316 million. The Company booked a net profit of TL 3,629 million in 2023. Company’s Liquid Assets correspond to 28% of Total Assets. Owing to its strong and balanced maturity distribution of invested assets, Milli Re fulfilled all of its legal and commercial obligations in 2023. Details on technical results are presented in the “2023 Technical Results” section. IN 2023, MİLLİ RE’S EQUITY REACHED TL 10,128 MILLION. Financial Results (TL million) 2023 2022 Change (%) Total Assets 22,668 12,400 82.80 Shareholders’ Equity 10,128 5,056 100.32 Technical Income 10,217 5,879 73.79 Technical Profit/Loss 197 324 (39.09) Financial Income 7,818 3,067 154.88 Financial Profit/Loss 3,432 565 507.41 Profit/Loss for the Period 3,629 889 308.39 10,128 TL MILLION 66 MİLLİ RE