MILLIRE ENG2024

General Manager’s Message Following a year of notable achievements... Our Company closed 2024 with a performance worthy of its 95 th anniversary. The results we achieved reflect not only the positive impact of economic policies on our operations but also our corporate and managerial competencies, bolstered by our extensive experience and knowledge. Our premium production increased by 48% in 2024, reaching TL 14,721 million. Approximately 88% of the premium production originated from domestic operations, while the remaining 12% was derived from international operations. As of year-end 2024, our Company recorded a balance sheet profit of TL 5,934 million. Our total assets grew by 49% to TL 33,749 million, and our shareholders’ equity rose by 63% to reach TL 16,475 million. In 2024, we aligned our operations with a growth strategy focused on sustainable profitability, prioritizing efficient use of equity and underwriting policies aimed at enhancing technical profitability. Within this framework, during the January 2025 renewal period, Milli Re participated in the placement of 17 companies utilizing proportional reinsurance coverage and served as lead reinsurer in bouquet treaties for 12 companies. Maintaining a market share of 18%, as in the previous year, our Company continued to provide strong support to the sector in 2025. In 2025, our Company increased its commitments under non-proportional catastrophe treaties, with a share of 8% in the catastrophe excess of loss treaties of 28 companies in which it participated. Moreover, in 2025, Milli Re participated in the programs of 13 companies that structured their risk protections on an excess of loss basis. Towards the second century of our Company… As we move toward our second century, we are undergoing a significant transformation to adapt to emerging risks and the evolving concepts that increasingly shape our lives. To reinforce our competitive stance, we have adopted digitalization and organizational transformation as the key pillars of our development strategy. In this direction, we implemented an organizational restructuring aimed at facilitating a process-oriented approach within our Company. We are taking firm steps to bolster the organizational structure of our Company, which we have restructured to carry its achievements into the next century, adopting agile business processes and making innovative technological investments that strengthen human resource competencies to enhance overall efficiency. Adopting a business model that leverages technology and digital solutions more extensively, we are enhancing productivity through transformations such as artificial intelligence and robotic applications, while also reviewing our internal processes and transitioning them to digital platforms. While increasing our support for the sector and the economy through our ongoing improvements in corporate performance, we also contribute to a sustainable future. We are engaging in significant projects within the areas of culture, arts, and sports, with the goal of strengthening the foundations of modern society. Having gained the status of an accredited institution in the field of contemporary art and celebrating its 30 th anniversary, the Milli Re Art Gallery continues to build a cultural archive through both the exhibitions it hosts and the exhibition books it publishes. The Milli Re Chamber Orchestra, which gave its first concert 28 years ago, extends the unifying power of art by participating in various national and international music festivals alongside its regular concert series. In 2024, we aligned our operations with a growth strategy focused on sustainable profitability, prioritizing efficient use of equity and underwriting policies aimed at enhancing technical profitability. 16 MİLLİ RE