MILLIRE ENG2024

LIABILITIES III- Short-Term Liabilities Note Audited Current Period December 31, 2024 Audited Prior Period December 31, 2023 A- Borrowings 20 14.680.140 13.252.134 1- Loans to Financial Institutions - - 2- Finance Lease Payables - - 3- Deferred Finance Lease Borrowing Costs (-) - - 4- Current Portion of Long-Term Borrowings - - 5- Principal, Installments and Interests on Issued Bills (Bonds) - - 6- Other Financial Assets Issued - - 7- Value Differences on Issued Financial Assets (-) - - 8- Other Financial Borrowings (Liabilities) 20 14.680.140 13.252.134 B- Payables From Main Operations 4.2,19 474.124.570 841.900.196 1- Payables Due to Insurance Operations - - 2- Payables Due to Reinsurance Operations 472.576.612 840.462.577 3- Cash Deposited by Insurance & Reinsurance Companies 1.547.958 1.437.619 4- Payables Due to Pension Operations - - 5- Payables from Other Operations - - 6- Rediscount on Other Payables From Main Operations (-) - - C- Due to Related Parties 4.2,19 2.446.229 722.655 1- Due to Shareholders 45 156.859 156.859 2- Due to Affiliates - - 3- Due to Subsidiaries 45 - 503.277 4- Due to Joint Ventures - - 5- Due to Personnel 6.277 1.373 6- Due to Other Related Parties 45 2.283.093 61.146 D- Other Payables 19 11.581.653 9.665.367 1- Deposits and Guarantees Received - - 2- Due to SSI regarding Treatment Expenses - - 3- Other Payables 19 11.581.653 9.665.367 4- Discount on Other Payables (-) - - E- Insurance Technical Reserves 17 15.535.757.259 10.962.460.038 1- Unearned Premiums Reserve - Net 17 5.900.530.372 4.910.639.373 2- Unexpired Risk Reserves - Net 17 21.913.642 33.826.898 3- Mathematical Reserves - Net - - 4- Outstanding Claims Reserve - Net 4.2,17 9.613.313.245 6.017.993.767 5- Provision for Bonus and Discounts - Net - - 6- Other Technical Reserves - Net - - F- Taxes and Other Liabilities and Relevant Provisions 4.2,19 15.618.183 15.176.235 1- Taxes and Dues Payable 14.777.538 14.144.157 2- Social Security Premiums Payable 840.645 1.032.078 3- Overdue, Deferred or By Installment Taxes and Other Liabilities - - 4- Other Taxes and Liabilities - - 5- Corporate Tax Liability Provision on Period Profit - - 6- Prepaid Taxes and Other Liabilities on Period Profit (-) - - 7- Provisions for Other Taxes and Liabilities - - G- Provisions for Other Risks - - 1- Provision for Employment Termination Benefits - - 2- Pension Fund Deficit Provision - - 3- Provisions for Costs - - H- Deferred Income and Expense Accruals 19 59.910.858 48.379.059 1- Deferred Commission Income 10,19 4.303.316 8.565.638 2- Expense Accruals 19 55.607.542 39.421.809 3- Other Deferred Income 19 - 391.612 I- Other Short-Term Liabilities - - 1- Deferred Tax Liability - - 2- Inventory Count Differences - - 3- Other Short-Term Liabilities - - III- Total Short-Term Liabilities 16.114.118.892 11.891.555.684 100 Millî Reasürans Türk Anonim Şirketi (Currency: Turkish Lira (TL)) (Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish) The accompanying notes are an integral part of these unconsolidated financial statements. MİLLİ RE Unconsolidated Balance Sheet As of December 31, 2024