MILLIRE ENG2024

9 Investments in associates The Company accounts for its subsidiaries, its investments in associates and its joint ventures using the equity method defined in TAS 27 - “Consolidated and Separate Financial Statements” in preparing the unconsolidated financial statements. As of the reporting date, the carrying values of the investments accounted for using equity method accounted in balance sheet in the unconsolidated financial statements of the Company are as follows: December 31, 2024 December 31, 2023 Net book value Participation rate % Net book value Participation rate % Anadolu Hayat Emeklilik A.Ş. 1.254.912.086 12,46 803.602.412 12,46 Investments in associates 1.254.912.086 803.602.412 Anadolu Anonim Türk Sigorta Şirketi 12.443.252.540 57,31 6.262.532.543 57,31 Miltaş Turizm İnşaat Ticaret Anonim Şirketi 5.119.639.860 100,00 3.626.312.896 100,00 Investments in subsidiaries 17.562.892.400 9.888.845.439 Total financial asset 18.817.804.486 10.692.447.851 The consolidated financial information of Anadolu Sigorta, Anadolu Hayat, and Miltaş Turizm İnşaat Tic. A.Ş. as of December 31, 2024, is shown below: Name Total assets Shareholders’ equity Retained earnings Profit for the year Audited Period Associates: Anadolu Hayat Emeklilik A.Ş. 260.339.161.440 10.071.525.906 186.293.195 4.305.802.455 Geçti. 31 Aralık 2024 Subsidiaries: Miltaş Turizm İnşaat Tic.A.Ş. 6.814.773.005 5.119.639.860 39.025.188 1.435.959.596 Geçmedi. 31 Aralık 2024 Anadolu Anonim Türk Sigorta Şirketi 89.267.931.589 23.726.137.445 652.582.741 11.538.847.383 Geçti. 31 Aralık 2024 The movement table of investments valued using the equity method for the period is as follows: December 31, 2024 Associates Subsidiaries Total Beginning of the period - January 1 803.602.412 9.888.845.439 10.692.447.851 Shares of net profits for the period 536.502.944 7.555.428.109 8.091.931.053 Increase recognized in equity 39.406.730 4.018.851 43.425.581 Dividend (124.600.000) 114.600.001 (9.999.999) End of the period - December 31 1.254.912.086 17.562.892.400 18.817.804.486 146 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