MILLIRE ENG2024

Equity share price risk Equity share price risk is defined as the risk of decreasing the market price of equity shares as a result of a decline in index. The effect of changes in fair values of the associates and the available-for-sale financial assets on equity that is resulted from the fluctuations on index (all of the other variables are assumed to be fixed) are as follows As of December 31, 2024 and 2023: Change in index December 31, 2024 December 31, 2023 Market price of equity 10% 88.537.613 42.418.001 Gain and losses from financial assets Gains and losses recognized in the statement of income, net: December 31, 2024 December 31, 2023 Gains transferred from the statement of equity to the statement of income on disposal of available for sale financial assets ( Note 15) 80.543.355 10.668.838 Interest income from bank deposits 1.186.440.543 194.209.697 Interest income from debt securities classified as available-for-sale financial assets 289.644.738 286.483.115 Income from equity shares classified as held for trading financial assets 4.659.044 691.754 Foreign exchange gains 450.091.248 1.593.897.170 Income from mutual funds classified as available for sale financial assets 296.715.116 292.928.136 Income from mutual funds classified as trading financial assets 68.485.017 5.392.611 Interest income from repos 25.654 356 Income from subsidiaries 24.073.923 113.940.001 Income from affiliates 7.555.428.109 3.367.901.023 Income from derivative products 536.502.944 355.585.374 Investment income 10.492.609.691 6.221.698.075 Losses from derivatives transactions (5.039.473) (6.884.346) Foreign exchange losses (35.029.676) (39.581.334) Loss from disposal of financial assets (24.341.548) (13.345.686) Investment management expenses (including interest) (4.165.831) (577.324) Investment expenses (68.576.528) (60.388.690) Investment income, net 10.424.033.163 6.161.309.385 Gains and losses recognized in the statement of equity, net: December 31, 2024 December 31, 2023 Fair value changes in available for sale financial assets (Note 15) 368.948.681 811.010.817 Gains transferred from the statement of equity to the statement of income on disposal of available for sale financial assets ( Note 15) (80.543.355) (10.668.838) Total 288.405.326 800.341.979 142 Millî Reasürans Türk Anonim Şirketi (Currency: Turkish Lira (TL)) Notes to the Unconsolidated Financial Statements As of December 31, 2024 (Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish) MİLLİ RE