MILLI RE 2023 ANNUAL REPORT

2023 TECHNICAL RESULTS Milli Re’s premium income increased by 106,40% on a year-on-year basis and reached TL 9,924,594,569 in 2023. Paid claims increased by 408,17% and were recorded as TL 12,315,558,993 as at the end of 2023. Premium Production (TL) Line of Business 2023 2022 2021 Accident 87,573,240 47,687,465 46,776,240 Health 6,467,502 3,245,708 1,198,030 Land Vehicles 87,783,904 31,994,927 22,322,647 Railway Vehicles - - - Air Vehicles 11,320,594 2,176,982 3,307,551 Sea Vehicles 342,108,831 221,972,203 94,523,683 Marine 363,827,992 250,395,505 110,160,704 Fire & Natural Disasters 6,111,459,323 2,828,343,792 1,439,290,622 General Damages 2,285,327,048 1,087,398,142 590,314,680 Land Vehicles Liability 169,550,650 97,854,623 55,566,973 Air Vehicles Liability - - - Sea Vehicles Liability - - - General Liability 339,956,554 184,780,270 101,210,901 Credit 6,859,843 2,164,239 1,785,171 Fidelity Guarantee 16,648,293 4,914,541 2,424,829 Financial Losses 59,780,769 33,740,140 13,130,835 Legal Protection 577,989 719,895 433,977 Total Non-life 9,889,242,532 4,797,388,432 2,482,446,843 Life 35,352,037 11,041,605 158,222 Total 9,924,594,569 4,808,430,037 2,482,605,065 2023 Premium Production Geographical Breakdown TL  % Türkiye 8,463,362,779 85 Asia 563,104,371 5 Asia 364,117,115 3 Middle East 198,987,256 2 Others (incl. America) 343,280,547 3 Worldwide 281,548,278 3 Europe 246,097,014 3 Central&Eastern Europe 153,875,492 2 Western Europe 92,221,522 1 Africa 27,201,580 1 71 GENERAL INFORMATION FINANCIAL RIGHTS PROVIDEDTOTHE MEMBERS OF THE GOVERNING BODY AND SENIOR EXECUTIVES ACTIVITIES AND MAJOR DEVELOPMENTS RELATED TO ACTIVITIES RESEARCH & DEVELOPMENT ACTIVITIES FINANCIAL STATUS FINANCIAL INFORMATION 2023 Annual Report RISKS AND ASSESSMENT OF THE GOVERNING BODY