MILLIRE ENG2024

Capital management The Company’s capital management policies include the following: - To comply with the insurance capital requirements required by Republic of Turkey Ministry of Treasury and Finance - To safeguard the Company’s ability to continue as a going concern In accordance with the “Communiqué on Measurement and Assessment of Capital Adequacy for Insurance, Reinsurance and Individual Pension Companies” issued by Republic of Turkey Ministry of Treasury and Finance on August 23, 2015 dated and 29454 numbered; the Company measured its minimum capital requirement as TL 7.144.638.233 as of December 31, 2024. As of December 31, 2024, the Company’s equity, as determined by the capital adequacy regulations, is 16,658,776,868 TL. According to the calculated capital adequacy result based on the regulations, there is a capital surplus of 9,514,138,635 TL as of December 31, 2024. 5 Segment Information A segment is a distinguishable component of the Company that is engaged either in providing products or services (business segment), or in providing products or services within a particular economic environment (geographical segment), which is subject to risks and rewards that are different from those of other segments. As of December 31, 2024, the Company operates in life and non-life branches and is not required to present segment reporting since its debt or equity instruments are not traded in a public market. 6 Tangible assets Movement in tangible assets in the period from January 1 to December 31, 2024 is presented below: January 1, 2024 Additions Foreign currency translation effect (*) Disposals Revaluation surplus December 31, 2024 Cost: Investment properties (Note 7) 30.000.000 - - (30.000.000) - - Furniture and fixtures 43.187.951 7.894.700 1.428.004 (2.345.849) - 50.164.806 Land vehicles 4.786.494 13.395.172 775.893 (5.562.387) - 13.395.172 Leased Assets 40.132.165 7.191.469 4.692.563 - - 52.016.197 Other Tangible Assets 53.013.225 - - - - 53.013.225 171.119.835 28.481.341 6.896.460 (37.908.236) - 168.589.400 Accumulated depreciation: Furniture and fixtures 17.221.835 8.189.362 1.394.069 (2.341.622) - 24.463.644 Land vehicles 3.809.068 1.477.630 659.237 (5.093.826) - 852.109 Leased Assets 11.477.219 13.794.753 2.224.381 - - 27.496.353 Other Tangible Assets 883.554 10.602.644 - - - 11.486.198 33.391.676 34.064.389 4.277.687 (7.435.448) - 64.298.304 Carrying amounts 137.728.159 104.291.096 (*) Foreign currency translation effect resulted from Singapore Branch. 143 2024 Annual Report 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) GENERAL INFORMATION FINANCIAL RIGHTS PROVIDEDTOTHE MEMBERS OF THE GOVERNING BODY AND SENIOR EXECUTIVES RISKS AND ASSESSMENT OF THE GOVERNING BODY ACTIVITIES AND MAJOR DEVELOPMENTS RELATED TO ACTIVITIES RESEARCH & DEVELOPMENT ACTIVITIES FINANCIAL STATUS FINANCIAL INFORMATION