MILLIRE ENG2024

An actuarial report has been obtained from registered actuary regarding calculation of the amount to be paid to the Social Security Institution by the Company in accordance with the new law. The CSO 1980 mortality table for December 31, 2024 9.8% of technical deficit interest rate are taken into account in the calculation of the said technical deficit. No real increase/decrease is anticipated in salary and health expenses. The health benefits to be paid will be considered by the Group management due to the changes in the Social Security Institution legislation and other regulations. At December 31, 2024 and 2023, technical deficit from pension funds comprised the following. December 31, 2024 December 31, 2023 Net present value of total liabilities other than health (1.318.482.732) (852.626.284) Net present value of insurance premiums 466.569.320 345.969.987 Net present value of total liabilities other than health (851.913.412) (506.656.297) Net present value of health liabilities (191.390.413) (106.904.194) Net present value of health premiums 291.491.390 189.967.585 Net present value of health liabilities 100.100.977 83.063.391 Retirement Benefit Provision for Pension Fund (39.153.892) - Pension fund assets 136.423.906 84.309.900 Amount of actuarial and technical deficit (654.542.421) (339.283.006) Pension fund’s assets are comprised of the following items: December 31, 2024 December 31, 2023 Cash and cash equivalents 23.352 4.864.338 Associates 117.874.690 68.043.220 Other 18.525.864 11.402.342 Total plan assets 136.423.906 84.309.900 23 Other liabilities and expense accruals As of December 31, 2024, and 2023; the provisions for other risks are disclosed as follows: December 31, 2024 December 31, 2023 Provision for pension fund deficits (Note 22) 654.542.421 339.283.006 Provision for employee termination benefits 23.189.092 22.028.149 Total provision for other risks 677.731.513 361.311.155 Movement of provision for employee termination benefits during the period is presented below: December 31, 2024 December 31, 2023 Provision at the beginning of the period 22.028.149 30.548.796 Interest cost (Note 47) 5.257.193 4.867.193 Service cost (Note 47) 1.955.302 4.836.092 Payments during the period (Note 47) (17.498.954) (28.074.802) Actuarial gain/loss 11.447.402 9.850.870 Provision at the end of the period 23.189.092 22.028.149 162 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