MILLIRE ENG2024

II- NON-TECHNICAL SECTION Note Audited Current Period December 31, 2024 Audited Prior Period December 31, 2023 C- Non-Life Technical Profit (A-B) (1.694.505.496) 185.336.437 F- Life Technical Profit (D-E) 22.286.521 11.785.906 I - Individual Retirement Technical Profit (G-H) - - J- Total Technical Profit (C+F+I) (1.672.218.975) 197.122.343 K- Investment Income 10.495.454.452 7.817.832.550 1- Income From Financial Investment 4.2 1.254.247.652 361.117.238 2- Income from Sales of Financial Investments 4.2 357.202.721 399.078.515 3- Revaluation of Financial Investments 4.2 315.063.094 30.178.754 4- Foreign Exchange Gains 4.2 450.091.248 1.593.897.170 5- Income from Affiliates 4.2 536.502.944 355.585.374 6- Income from Subsidiaries and Joint Ventures 4.2 7.555.428.109 3.367.901.023 7- Income Received from Land and Building (70.620) 1.596.134.475 8- Income from Derivatives 4.2 24.073.923 113.940.001 9- Other Investments 2.915.381 - 10- Investment Income transferred from Life Technical Part - - L- Investment Expenses (-) (2.617.504.715) (3.661.647.130) 1- Investment Management Expenses (including interest) (-) 4.2 (4.165.831) (577.324) 2- Valuation Allowance of Investments (-) - - 3- Losses On Sales of Investments (-) 4.2 (24.341.548) (13.345.686) 4- Investment Income Transferred to Non-Life Technical Part (-) (2.371.156.246) (3.516.302.860) 5- Losses from Derivatives (-) 4.2 (5.039.473) (6.884.346) 6- Foreign Exchange Losses (-) 4.2 (35.029.676) (39.581.334) 7- Depreciation Expenses (-) 6,8 (38.489.252) (28.018.645) 8- Other Investment Expenses (-) (139.282.689) (56.936.935) M- Other Income and Expenses (+/-) (272.099.357) (724.299.710) 1- Provisions Account (+/-) 47 (329.836.302) (153.684.528) 2- Discount account (+/-) 47 (9.580.145) (45.990.646) 3- Mandatory Earthquake Insurance Account (+/-) - - 4- Inflation Adjustment Account (+/-) - - 5- Deferred Tax Asset Accounts (+/-) 21,35 53.365.094 - 6- Deferred Tax Expense Accounts (-) 21,35 - (523.942.071) 7- Other Income and Revenues 14.105.598 2.964.787 8- Other Expense and Losses (-) (153.602) (3.647.252) 9- Prior Period Income - - 10- Prior Period Losses (-) - - N- Net Profit/(Loss) 5.933.631.405 3.629.008.053 1- Profit/(Loss) Before Tax 5.933.631.405 3.629.008.053 2- Corporate Tax Liability Provision (-) - - 3- Net Profit (Loss) 5.933.631.405 3.629.008.053 4- Inflation Adjustment Account - - 106 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 Statement of Income For the Year Ended December 31, 2024